Is Mason County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mason County has remained a Seller's Market.
Housing Prices in Mason County, MI
How much do homes in Mason County, MI cost?
Median Sold Price
$254,437
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mason County was $254,437 in April 2024, up 8.7% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $84.2K | $175K | +107.7% |
2 Bedrooms | $190.7K | $202K | +5.9% |
3 Bedrooms | $235K | $257.7K | +9.7% |
4 Bedrooms | $315K | $297.2K | -5.6% |
5+ Bedrooms | $329K | $511K | +55.3% |
Summary: Mason County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 107.7%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 55.3%.
Median Sold Price Compared To Nearby Counties
Oceana County | $210K | $243.3K | +15.9% |
Manistee County | $200K | $225.5K | +12.8% |
Lake County | $134.9K | $150K | +11.2% |
Mason County | $234K | $254.4K | +8.7% |
Housing Supply in Mason County, MI
How many homes are available in Mason County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
101 | 117 | +15.8% |
Summary: The Mason County real estate market had 117 homes for sale in April 2024, a 15.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 17 | 20 | +17.6% |
3 Bedrooms | 51 | 61 | +19.6% |
4 Bedrooms | 21 | 23 | +9.5% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Mason County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 21 | +10.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Mason County in April 2024, up by 10.5% month-over-month. Of the 21 sold homes, 67% were sold under asking, 14% were sold at asking, and 19% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 56 Days | +286.2% |
Summary: Homes in Mason County had an average of 56 days on market in Apr 2024, up by 286.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Mason County; 38% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.