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 October 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

$92,000

$65/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,100(+2.3%)

Key Takeaway

Homes in Mason County have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Mason County was $92,000 in October 2024, up 2.3% from last year, and the median price per square foot was $65.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $70K$159K
+127.1%
2 $78K$66.9K
-14.2%
3 $89.9K$118.2K
+31.5%
4 $155K$128.9K
-16.8%
5+ $117.5K$78.5K
-33.2%

Summary: Mason County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 127.1%, 2 bedroom homes decreased by 14.2%, 3 bedroom homes increased by 31.5%, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes decreased by 33.2%.

Median Sold Price Compared To Nearby Counties

Menard County
+14.7%
Fulton County
+13.8%
Logan County
+11.8%
Mason County
+2.3%

Housing Supply in Mason County, IL

How many homes are available in Mason County, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5856-3.4%

Summary: The Mason County real estate market had 56 homes for sale in October 2024, a 3.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 1917
-10.5%
3 3028
-6.7%
4 55
0.0%
5+ 12
+100.0%

Summary: The Mason County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 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. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Mason County in October 2024, down by 8.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% 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

Oct 2023Oct 2024CHANGE
37 Days36 Days-4.2%

Summary: Homes in Mason County had an average of 36 days on market in Oct 2024, down by 4.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were 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 October 2024, 11 homes were sold in Mason County; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% 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 22 Days Ago

Newest Listings in Mason County, IL

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What housing markets are near Mason County, IL?