Is Mason, VA 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 was a Neutral Market.
Housing Prices in Mason, VA
How much do homes in Mason, VA cost?
Median Sold Price
$675,000
$329/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mason was $675,000 in March 2024, up 4.3% from last year, and the median price per square foot was $329.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $252K | +7.2% |
2 Bedrooms | $340K | $375K | +10.3% |
3 Bedrooms | $600.5K | $659.9K | +9.9% |
4 Bedrooms | $777K | $780K | 0.4% |
5+ Bedrooms | $903K | $951K | +5.3% |
Summary: Mason housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
Falls Church | $685.1K | $728.4K | +6.3% |
Alexandria | $600.9K | $630.2K | +4.9% |
Mason | $647.4K | $675K | +4.3% |
Falls Church | $695.5K | $725K | +4.2% |
Braddock | $685K | $704K | +2.8% |
Housing Supply in Mason, VA
How many homes are available in Mason, VA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
378 | 403 | +6.6% |
Summary: The Mason real estate market had 403 homes for sale in March 2024, a 6.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 26 | +8.3% |
2 Bedrooms | 62 | 71 | +14.5% |
3 Bedrooms | 88 | 85 | -3.4% |
4 Bedrooms | 96 | 106 | +10.4% |
5+ Bedrooms | 108 | 115 | +6.5% |
Summary: The Mason housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 14.5%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 6.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 54 | -6.9% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in Mason in March 2024, down by 6.9% month-over-month. Of the 54 sold homes, 30% were sold under asking, 11% were sold at asking, and 59% were sold over asking.
Days on Market for Mason, VA
How long does it take to sell a home in Mason, VA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
14 Days | 21 Days | +44.8% |
Summary: Homes in Mason had an average of 21 days on market in Mar 2024, up by 44.8% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 54 homes were sold in Mason; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.