$229,900
16.71 Acres
Land
Timothy Sabrosky, Listing Office: RE/MAX Real Estate Professionals
Is Mason Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Mason Township has remained a Seller's Market.
Key Takeaway
Mason Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mason Township, MI
How much do homes in Mason Township, MI cost?
Median Sold Price
$265,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,100(+6.0%)
Key Takeaway
Homes in Mason Township have sold for 6% more than they did a year ago.
Summary: The median home sold price in Mason Township was $265,000 in November 2024, up 6% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $52.5K | -80.9% |
| 2 Bedrooms | $160.7K | $180.5K | +12.3% |
| 3 Bedrooms | $257.4K | $262.5K | +2.0% |
| 4 Bedrooms | $273.2K | $316K | +15.6% |
| 5+ Bedrooms | $361.2K | $411.4K | +13.9% |
Summary: Mason Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 80.9%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
| Porter Township | $395K | $485K | +22.8% |
| Mason Township | $249.9K | $265K | +6.0% |
| Calvin Township | $218.5K | $197K | -9.8% |
Housing Supply in Mason Township, MI
How many homes are available in Mason Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 64 | 65 | +1.6% |
Summary: The Mason Township real estate market had 65 homes for sale in November 2024, a 1.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 9 | -30.8% |
| 3 Bedrooms | 36 | 37 | +2.8% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Mason 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 decreased by 30.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mason Township, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Mason Township in November 2024, down by 21.1% month-over-month. Of the 15 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% were sold over asking.
Days on Market for Mason Township, MI
How long does it take to sell a home in Mason Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 43 Days | +100.7% |
Summary: Homes in Mason Township had an average of 43 days on market in Nov 2024, up by 100.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mason Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Mason Township; 53% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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