Is Mason County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mason County is a seller's market

Buyer's
Market

Difference Since August 2021

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.

How much do homes in Mason County, MI cost?

Median Sold Price

$225,000

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$20,599(+10.1%)

Key Takeaway

Homes in Mason County have sold for 10.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $129.9K$81.7K
-37.1%
2 $163.2K$175K
+7.2%
3 $215.2K$217.5K
+1.0%
4 $280K$296.2K
+5.8%
5+ $350K$309.9K
-11.4%

Median Sold Price Compared To Nearby Counties

Lake County
+20.4%
Newaygo County
+13.4%
Mason County
+10.1%
Manistee County
+8.7%
Oceana County
+6.4%

How many homes are available in Mason County, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
174178+2.3%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 610
+66.7%
2 3934
-12.8%
3 6677
+16.7%
4 4334
-20.9%
5+ 2023
+15.0%

Number of Homes Sold

Jul 2022Aug 2022%
4240-4.8%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mason County, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
8 Days31 Days+287.5%

Breakdown of Home Sale Times

1 Home Was 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 County has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Mason County, MI

There are 178 homes are for sale in Mason County, MI real estate market. The number of listings in Mason County, MI increased by 2.3% between July 2022 and August 2022. In August 2022 median list price was $225,000 and the average listing age was 31 days. Real estate listing prices changed between July 2022 and August 2022: prices of 1 bedroom properties went down by 37.1%, prices of 2 bedrooms properties went up by 7.2%, prices of 3 bedrooms properties increased by 1%, prices of 4 bedrooms properties increased by 5.8%, prices of 5 bedrooms properties decreased by 11.4%. Volume of homes for sale changed: 1 bedroom homes inventory increased by 66.7%, volume of 2 bedrooms homes went down by 12.8%, the quantity of 3 bedrooms homes went up by 16.7%, 4 bedrooms homes became 20.9% less available, 5 bedrooms homes inventory increased by 15%. Mason County, MI housing market in August 2022 saw over 16 listings sold above listed price, more than 9 sold at listed price and over 15 sold below.

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