Is Mason County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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, MI
How much do homes in Mason County, MI cost?
Median Sold Price
$254,750
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Mason County have sold for 7% more than they did a year ago.
Summary: The median home sold price in Mason County was $254,750 in June 2024, up 7% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $84.2K | $172K | +104.2% |
| 2 Bedrooms | $191.7K | $200.5K | +4.6% |
| 3 Bedrooms | $239K | $269.9K | +12.9% |
| 4 Bedrooms | $290K | $302.2K | +4.2% |
| 5+ Bedrooms | $335K | $502K | +49.9% |
Summary: Mason County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 104.2%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 49.9%.
Median Sold Price Compared To Nearby Counties
| Lake County | $135.1K | $153K | +13.2% |
| Manistee County | $199.9K | $217.1K | +8.6% |
| Mason County | $238.1K | $254.7K | +7.0% |
| Oceana County | $229.8K | $241.6K | +5.1% |
Housing Supply in Mason County, MI
How many homes are available in Mason County, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 145 | 141 | -2.8% |
Summary: The Mason County real estate market had 141 homes for sale in June 2024, a 2.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 9 | +50.0% |
| 2 Bedrooms | 23 | 31 | +34.8% |
| 3 Bedrooms | 77 | 63 | -18.2% |
| 4 Bedrooms | 27 | 27 | 0.0% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Mason County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 34.8%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 33 | 26 | -21.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 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. 61.5% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Mason County in June 2024, down by 21.2% month-over-month. Of the 26 sold homes, 62% were sold under asking, 12% were sold at asking, and 27% were sold over asking.
Days on Market for Mason County, MI
How long does it take to sell a home in Mason County, MI?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 60 Days | 80 Days | +32.0% |
Summary: Homes in Mason County had an average of 80 days on market in Jun 2024, up by 32% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 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 June 2024, 26 homes were sold in Mason County; 46% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.