Is Mason County, MI 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 County was a Seller's Market.
Housing Prices in Mason County, MI
How much do homes in Mason County, MI cost?
Median Sold Price
$250,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mason County was $250,000 in March 2024, up 5.3% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $190K | +153.3% |
2 Bedrooms | $191.7K | $197K | +2.7% |
3 Bedrooms | $235K | $257.5K | +9.6% |
4 Bedrooms | $315K | $321.5K | +2.1% |
5+ Bedrooms | $341.5K | $450K | +31.8% |
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 153.3%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 31.8%.
Median Sold Price Compared To Nearby Counties
Lake County | $130K | $150K | +15.4% |
Manistee County | $200K | $225.5K | +12.8% |
Oceana County | $214.3K | $237K | +10.6% |
Mason County | $237.4K | $250K | +5.3% |
Housing Supply in Mason County, MI
How many homes are available in Mason County, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
100 | 103 | +3.0% |
Summary: The Mason County real estate market had 103 homes for sale in March 2024, a 3.0% increase 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 | 17 | 18 | +5.9% |
3 Bedrooms | 50 | 52 | +4.0% |
4 Bedrooms | 21 | 21 | 0.0% |
5+ Bedrooms | 10 | 10 | 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 5.9%, 3 bedroom homes increased by 4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 16 | -11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Mason County in March 2024, down by 11.1% month-over-month. Of the 16 sold homes, 31% were sold under asking, 44% were sold at asking, and 25% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
70 Days | 23 Days | -66.2% |
Summary: Homes in Mason County had an average of 23 days on market in Mar 2024, down by 66.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Mason County; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.