Is Mason Township, 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 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
$252,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mason Township was $252,000 in April 2024, up 9.6% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $171.5K | $87.5K | -49.0% |
2 Bedrooms | $169.9K | $140K | -17.6% |
3 Bedrooms | $230K | $250K | +8.7% |
4 Bedrooms | $253.7K | $282.7K | +11.4% |
5+ Bedrooms | $347.5K | $390.5K | +12.4% |
Summary: Mason Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Cities
Mason Township | $230K | $252K | +9.6% |
Richland Township | $320K | $324.2K | +1.3% |
Housing Supply in Mason Township, MI
How many homes are available in Mason Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 54 | +12.5% |
Summary: The Mason Township real estate market had 54 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 26 | 28 | +7.7% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Mason Township 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 33.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Mason Township in April 2024, down by 7.7% month-over-month. Of the 12 sold homes, 8% were sold under asking, 50% were sold at asking, and 42% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 9 Days | -25.5% |
Summary: Homes in Mason Township had an average of 9 days on market in Apr 2024, down by 25.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Mason Township; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.