Is Mason City, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Mason City was a Neutral Market.
Key Takeaway
Mason City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mason City, IL
How much do homes in Mason City, IL cost?
Median Sold Price
$89,900
$54/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mason City have sold for 21.5% more than they did a year ago.
Summary: The median home sold price in Mason City was $89,900 in April 2024, up 21.5% from last year, and the median price per square foot was $54.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $32.5K | - | N/A |
| 2 Bedrooms | $79.9K | $83K | +3.8% |
| 3 Bedrooms | $65K | $90K | +38.5% |
| 4 Bedrooms | $102.5K | $98.9K | -3.5% |
| 5+ Bedrooms | $70K | - | N/A |
Summary: Mason City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 38.5%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mason City | $74K | $89.9K | +21.5% |
| Mason City Township | $74K | $89.9K | +21.5% |
Housing Supply in Mason City, IL
How many homes are available in Mason City, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Summary: The Mason City real estate market had 5 homes for sale in April 2024, a 44.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 3 | 0 | -100.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mason City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mason City, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Mason City in April 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Mason City, IL
How long does it take to sell a home in Mason City, IL?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mason City are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Mason City; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.