Is Mason City, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mason City is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Mason City has remained a Buyer's Market.

Key Takeaway

Mason City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Mason City, IL cost?

Median Sold Price

$58,950

$37/sqft

Based on all homes sold in September 2022.

Difference Since Last Month

-$78,950(-57.3%)

Key Takeaway

Homes in Mason City have sold for 57.3% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSAug 2022Sep 2022%
1 --
N/A
2 --
N/A
3 $137.9K$58.9K
-57.3%
4 --
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Mason City
-57.3%
Mason City Township
-57.3%

How many homes are available in Mason City, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
1416+14.3%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 13
+200.0%
3 910
+11.1%
4 32
-33.3%
5+ 11
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mason City, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mason City has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Mason City, IL

There are 16 homes are for sale in Mason City, IL real estate market. In September 2022 in Mason City, IL there were 14.3% more homes for sale than in August 2022. In September 2022 median list price was $58,950 and the average listing age was 37 days. Real estate listing prices changed between September 2021 and September 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 0%, 3 bedrooms properties became 57.3% more cheaper, 4 bedrooms properties prices increased by 0%, prices of 5 bedrooms properties increased by 0%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes increased by 200%, 3 bedrooms homes inventory increased by 11.1%, 4 bedrooms homes inventory decreased by 33.3%, 5 bedrooms homes inventory did not change. While more than 0 listings in Mason City, IL in September 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 1 were sold below.