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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mason City Township is a buyer's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

Mason City Township 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 Township, 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 Township 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 Township
-57.3%
Mason City
-57.3%
Greenview No. 6
-61.8%

How many homes are available in Mason City Township, 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 Township, 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 Township 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 Township, IL

Homes for sale in Mason City Township, IL have reached 16. In September 2022 in Mason City Township, IL there were 14.3% more homes for sale than in August 2022. The median list price of listings available in September 2022 was $58,950, while the average time on the real estate market was 37 days. From September 2021 through September 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 0% more expensive, prices of 3 bedrooms properties decreased by 57.3%, 4 bedrooms properties prices increased by 0%, the cost of 5 bedrooms properties went up by 0%. This housing market inventory have changed: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory increased by 200%, the quantity of 3 bedrooms homes went up by 11.1%, number of 4 bedrooms homes decreased by 33.3%, the quantity of 5 bedrooms homes have not changed. In September 2022, from all listings sold in Mason City Township, IL there were more than 0 sold above asking price, over 1 sold below and more than 1 were sold right at the asked price.