Is Mason County, 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 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
$259,900
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mason County was $259,900 in May 2024, up 10.6% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $93.5K | $175K | +87.2% |
2 Bedrooms | $191.5K | $203.5K | +6.3% |
3 Bedrooms | $235K | $270K | +14.9% |
4 Bedrooms | $290K | $312.2K | +7.7% |
5+ Bedrooms | $335K | $520K | +55.2% |
Summary: Mason County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 87.2%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 55.2%.
Median Sold Price Compared To Nearby Counties
Manistee County | $196.5K | $221.5K | +12.7% |
Lake County | $135.8K | $152K | +11.9% |
Mason County | $235K | $259.9K | +10.6% |
Oceana County | $220K | $241.6K | +9.8% |
Housing Supply in Mason County, MI
How many homes are available in Mason County, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
115 | 148 | +28.7% |
Summary: The Mason County real estate market had 148 homes for sale in May 2024, a 28.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 21 | 23 | +9.5% |
3 Bedrooms | 57 | 80 | +40.4% |
4 Bedrooms | 23 | 28 | +21.7% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Mason County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 40.4%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 31 | +47.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Mason County in May 2024, up by 47.6% month-over-month. Of the 31 sold homes, 58% were sold under asking, 19% were sold at asking, and 23% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
44 Days | 76 Days | +71.2% |
Summary: Homes in Mason County had an average of 76 days on market in May 2024, up by 71.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Mason County; 42% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.