Is Mason Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Mason Township was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $427.5K | $87.5K | -79.5% |
2 Bedrooms | $163K | $140K | -14.1% |
3 Bedrooms | $242K | $260K | +7.4% |
4 Bedrooms | $282.5K | $279K | -1.2% |
5+ Bedrooms | $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 | $350K | $536.5K | +53.3% |
Mason Township | $246K | $259.9K | +5.7% |
Union | $430K | $387.5K | -9.9% |
Housing Supply in Mason Township, MI
How many homes are available in Mason Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
37 | 46 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 19 | 25 | +31.6% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 7 | 7 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 7 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
55 Days | 43 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
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.