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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mason Township is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Mason Township was a Seller's Market.

Key Takeaway

Mason Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Mason Township, MI

How much do homes in Mason Township, MI cost?

Median Sold Price

$259,900

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$13,900(+5.7%)

Key Takeaway

Homes in Mason Township have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Mason Township was $259,900 in February 2024, up 5.7% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $427.5K$87.5K
-79.5%
2 $163K$140K
-14.1%
3 $242K$260K
+7.4%
4 $282.5K$279K
-1.2%
5+ $374.9K$356.2K
-5.0%

Summary: Mason Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 79.5%, 2 bedroom homes decreased by 14.1%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 5%.

Median Sold Price Compared To Nearby Cities

Porter Township
+53.3%
Mason Township
+5.7%
Union
-9.9%

Housing Supply in Mason Township, MI

How many homes are available in Mason Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3746+24.3%

Summary: The Mason Township real estate market had 46 homes for sale in February 2024, a 24.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 34
+33.3%
3 1925
+31.6%
4 79
+28.6%
5+ 77
0.0%

Summary: The Mason Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mason Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Mason Township in February 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.

Days on Market for Mason Township, MI

How long does it take to sell a home in Mason Township, MI?

Average Sale Time

Feb 2023Feb 2024CHANGE
55 Days43 Days-20.7%

Summary: Homes in Mason Township had an average of 43 days on market in Feb 2024, down by 20.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mason Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 7 homes were sold in Mason Township; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

Newest Listings in Mason Township, MI

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