Is Mazon, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mazon is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Mazon was a Seller's Market.

Key Takeaway

Mazon is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Mazon, IL

How much do homes in Mazon, IL cost?

Median Sold Price

$193,250

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$13,750(-6.6%)

Key Takeaway

Homes in Mazon have sold for 6.6% less than they did a year ago.

Summary: The median home sold price in Mazon was $193,250 in October 2024, down 6.6% from last year, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $132.4K$156.2K
+18.0%
3 $215K$217.5K
+1.2%
4 $222K$133K
-40.1%
5+ -$94.9K
N/A

Summary: Mazon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 40.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mazon
-6.6%
Mazon Township
-7.3%

Housing Supply in Mazon, IL

How many homes are available in Mazon, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
76-14.3%

Summary: The Mazon real estate market had 6 homes for sale in October 2024, a 14.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 00
0.0%
3 43
-25.0%
4 11
0.0%
5+ 11
0.0%

Summary: The Mazon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

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 Mazon, 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 Mazon in October 2024, down by 50.0% 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 Mazon, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days5 Days-73.7%

Summary: Homes in Mazon had an average of 5 days on market in Oct 2024, down by 73.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in Mazon; 100% of homes were sold within 30 days, 0% 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 16 Days Ago

Newest Listings in Mazon, IL

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