Is Mason, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mason has remained a Seller's Market.
Housing Prices in Mason, MI
How much do homes in Mason, MI cost?
Median Sold Price
$260,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mason was $260,000 in May 2024, up 15.6% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $87.5K | -68.2% |
2 Bedrooms | $169.9K | $140K | -17.6% |
3 Bedrooms | $225K | $256.9K | +14.2% |
4 Bedrooms | $257.5K | $283.5K | +10.1% |
5+ Bedrooms | $332K | $375K | +13.0% |
Summary: Mason housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 68.2%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
Vevay Township | $286K | $350K | +22.4% |
Mason | $225K | $260K | +15.6% |
Alaiedon Township | $260K | $275.5K | +6.0% |
Housing Supply in Mason, MI
How many homes are available in Mason, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 62 | +19.2% |
Summary: The Mason real estate market had 62 homes for sale in May 2024, a 19.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 28 | 38 | +35.7% |
4 Bedrooms | 12 | 10 | -16.7% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Mason housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 35.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Mason in May 2024, up by 30.0% month-over-month. Of the 13 sold homes, 31% were sold under asking, 23% were sold at asking, and 46% were sold over asking.
Days on Market for Mason, MI
How long does it take to sell a home in Mason, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
70 Days | 26 Days | -61.9% |
Summary: Homes in Mason had an average of 26 days on market in May 2024, down by 61.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Mason; 77% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.