Is Mason City Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Mason City Township was a Neutral Market.
Key Takeaway
Mason City Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mason City Township, IL
How much do homes in Mason City Township, IL cost?
Median Sold Price
$89,450
$53/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mason City Township have sold for 20.9% more than they did a year ago.
Summary: The median home sold price in Mason City Township was $89,450 in March 2024, up 20.9% from last year, and the median price per square foot was $53.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $32.5K | - | N/A |
| 2 Bedrooms | $79.9K | $75K | -6.2% |
| 3 Bedrooms | $65K | $90K | +38.5% |
| 4 Bedrooms | $45K | $112.5K | +150.0% |
| 5+ Bedrooms | $70K | - | N/A |
Summary: Mason City Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.2%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 150%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mason City Township | $74K | $89.4K | +20.9% |
| Mason City | $78K | $89.4K | +14.7% |
Housing Supply in Mason City Township, IL
How many homes are available in Mason City Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The Mason City Township real estate market had 7 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mason City Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mason City Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Mason City Township in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Mason City Township, IL
How long does it take to sell a home in Mason City Township, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 25 Days | -44.2% |
Summary: Homes in Mason City Township had an average of 25 days on market in Mar 2024, down by 44.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mason City Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Mason City Township; 67% of homes were sold within 30 days, 33% 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.