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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mason County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Mason County has remained a Seller's Market.

Key Takeaway

Mason County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mason County, IL

How much do homes in Mason County, IL cost?

Median Sold Price

$90,999

$65/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$1,049(+1.2%)

Key Takeaway

Homes in Mason County have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Mason County was $90,999 in November 2024, up 1.2% from last year, and the median price per square foot was $65.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $60K$12K
-80.0%
2 $75K$64.9K
-13.4%
3 $92K$120K
+30.4%
4 $145K$138.9K
-4.2%
5+ $125K$78.5K
-37.2%

Summary: Mason County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 80%, 2 bedroom homes decreased by 13.4%, 3 bedroom homes increased by 30.4%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 37.2%.

Median Sold Price Compared To Nearby Counties

Logan County
+15.4%
Menard County
+14.7%
Fulton County
+10.7%
Mason County
+1.2%

Housing Supply in Mason County, IL

How many homes are available in Mason County, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5553-3.6%

Summary: The Mason County real estate market had 53 homes for sale in November 2024, a 3.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 1815
-16.7%
3 2730
+11.1%
4 54
-20.0%
5+ 22
0.0%

Summary: The Mason County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1314+7.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mason County, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Mason County in November 2024, up by 7.7% month-over-month. Of the 14 sold homes, 79% were sold under asking, 14% were sold at asking, and 7% were sold over asking.

Days on Market for Mason County, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
57 Days45 Days-20.4%

Summary: Homes in Mason County had an average of 45 days on market in Nov 2024, down by 20.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mason County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in Mason County; 57% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% 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 County, IL

Nearby Markets to Mason County, IL

What housing markets are near Mason County, IL?