Is Mason Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Mason Township has remained a Seller's Market.
Housing Prices in Mason Township, MI
How much do homes in Mason Township, MI cost?
Median Sold Price
$259,900
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mason Township was $259,900 in March 2024, up 13% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $171.5K | $87.5K | -49.0% |
2 Bedrooms | $166.5K | $148K | -11.1% |
3 Bedrooms | $230K | $259.9K | +13.0% |
4 Bedrooms | $263.5K | $291K | +10.4% |
5+ Bedrooms | $340.9K | $375K | +10.0% |
Summary: Mason Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
Mason Township | $230K | $259.9K | +13.0% |
Richland Township | $355K | $319.9K | -9.9% |
Housing Supply in Mason Township, MI
How many homes are available in Mason Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 47 | +9.3% |
Summary: The Mason Township real estate market had 47 homes for sale in March 2024, a 9.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 23 | 27 | +17.4% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Mason Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 17.4%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Mason Township in March 2024, up by 9.1% month-over-month. Of the 12 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 29 Days | +2.9% |
Summary: Homes in Mason Township had an average of 29 days on market in Mar 2024, up by 2.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Mason Township; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.