$135,000
9.10 Acres
Land
Joseph Kendrick, Listing Office: USRealty.com LLP
Is Mason County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mason County was a Seller's Market.
Key Takeaway
Mason County 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 Mason County, MI
How much do homes in Mason County, MI cost?
Median Sold Price
$266,850
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,066(+6.8%)
Key Takeaway
Homes in Mason County have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Mason County was $266,850 in November 2024, up 6.8% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175.7K | $188.2K | +7.1% |
| 2 Bedrooms | $200K | $227.5K | +13.8% |
| 3 Bedrooms | $253.5K | $275K | +8.5% |
| 4 Bedrooms | $290.4K | $333.7K | +14.9% |
| 5+ Bedrooms | $270K | $504.5K | +86.9% |
Summary: Mason County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 86.9%.
Median Sold Price Compared To Nearby Counties
| Oceana County | $230K | $270K | +17.4% |
| Lake County | $145K | $155K | +6.9% |
| Mason County | $249.7K | $266.8K | +6.8% |
| Manistee County | $226.3K | $227K | 0.3% |
Housing Supply in Mason County, MI
How many homes are available in Mason County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 132 | 126 | -4.5% |
Summary: The Mason County real estate market had 126 homes for sale in November 2024, a 4.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 27 | 21 | -22.2% |
| 3 Bedrooms | 69 | 69 | 0.0% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 12 | 12 | 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 remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 21 | -19.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mason County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Mason County in November 2024, down by 19.2% month-over-month. Of the 21 sold homes, 67% were sold under asking, 14% were sold at asking, and 19% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 68 Days | +118.4% |
Summary: Homes in Mason County had an average of 68 days on market in Nov 2024, up by 118.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mason County has remained consistent over time.
Summary: During November 2024, 21 homes were sold in Mason County; 24% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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