Is Mason City Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mason City Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Mason City Township was a Seller's Market.

Key Takeaway

Mason City Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mason City Township, IL

How much do homes in Mason City Township, IL cost?

Median Sold Price

$123,500

$66/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$36,500(+42.0%)

Key Takeaway

Homes in Mason City Township have sold for 42% more than they did a year ago.

Summary: The median home sold price in Mason City Township was $123,500 in November 2024, up 42% from last year, and the median price per square foot was $66.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $32.5K-
N/A
2 $79K$128K
+62.0%
3 $89.9K$107.5K
+19.5%
4 $160K$128.4K
-19.7%
5+ --
N/A

Summary: Mason City Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 62%, 3 bedroom homes increased by 19.5%, 4 bedroom homes decreased by 19.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mason City Township
+42.0%
Mason City
+42.0%

Housing Supply in Mason City Township, IL

How many homes are available in Mason City Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
78+14.3%

Summary: The Mason City Township real estate market had 8 homes for sale in November 2024, a 14.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 33
0.0%
4 00
0.0%
5+ 22
0.0%

Summary: The Mason City Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mason City Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Mason City Township in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Mason City Township, IL

How long does it take to sell a home in Mason City Township, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
17 Days49 Days+175.3%

Summary: Homes in Mason City Township had an average of 49 days on market in Nov 2024, up by 175.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mason City Township has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Mason City Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

Newest Listings in Mason City Township, IL

Nearby Markets to Mason City Township, IL