Is Mason County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Mason County has remained a Seller's Market.
Key Takeaway
Mason County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mason County, IL
How much do homes in Mason County, IL cost?
Median Sold Price
$90,000
$61/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mason County have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Mason County was $90,000 in March 2024, up 13.9% from last year, and the median price per square foot was $61.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $80K | +77.8% |
| 2 Bedrooms | $59.5K | $74.9K | +25.9% |
| 3 Bedrooms | $79.9K | $93.6K | +17.1% |
| 4 Bedrooms | $115.4K | $146K | +26.5% |
| 5+ Bedrooms | $140K | $110K | -21.4% |
Summary: Mason County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 77.8%, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes decreased by 21.4%.
Median Sold Price Compared To Nearby Counties
| Mason County | $79K | $90K | +13.9% |
| Fulton County | $90.8K | $94K | +3.5% |
| Logan County | $113K | $113.9K | +0.9% |
| Menard County | $149.7K | $150K | 0.2% |
Housing Supply in Mason County, IL
How many homes are available in Mason County, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 46 | 42 | -8.7% |
Summary: The Mason County real estate market had 42 homes for sale in March 2024, a 8.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 24 | 21 | -12.5% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mason County 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 8.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mason County, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Mason County in March 2024, the same as the previous month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for Mason County, IL
How long does it take to sell a home in Mason County, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 56 Days | +10.7% |
Summary: Homes in Mason County had an average of 56 days on market in Mar 2024, up by 10.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mason County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Mason County; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.