$10,000 Closing Credit*
$1,395,000
6,993 SqFt
6 Beds
•5 Full Baths, 1 Partial
Khanh B Duong, Listing Office: RE/MAX Galaxy
Is Mason, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Mason has remained a Seller's Market.
Key Takeaway
Mason is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mason, VA
How much do homes in Mason, VA cost?
Median Sold Price
$711,016
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$57,716(+8.8%)
Key Takeaway
Homes in Mason have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Mason was $711,016 in October 2024, up 8.8% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.5K | $267.5K | +10.3% |
| 2 Bedrooms | $366K | $388.7K | +6.2% |
| 3 Bedrooms | $643.8K | $678K | +5.3% |
| 4 Bedrooms | $771K | $851.5K | +10.4% |
| 5+ Bedrooms | $940K | $1.0M | +6.4% |
Summary: Mason housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
| Mason | $653.3K | $711K | +8.8% |
| Braddock | $690.2K | $750K | +8.7% |
| Alexandria | $619.6K | $665.6K | +7.4% |
| Falls Church | $702.2K | $751.7K | +7.0% |
| Falls Church | $714.9K | $750.2K | +4.9% |
Housing Supply in Mason, VA
How many homes are available in Mason, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 233 | 240 | +3.0% |
Summary: The Mason real estate market had 240 homes for sale in October 2024, a 3.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 35 | 42 | +20.0% |
| 2 Bedrooms | 44 | 50 | +13.6% |
| 3 Bedrooms | 69 | 65 | -5.8% |
| 4 Bedrooms | 51 | 51 | 0.0% |
| 5+ Bedrooms | 34 | 32 | -5.9% |
Summary: The Mason housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 85 | 69 | -18.8% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mason, you could pay more than the asking price. 44.9% of homes here sold above asking price last month.
Summary: A total of 69 homes were sold or pending in Mason in October 2024, down by 18.8% month-over-month. Of the 69 sold homes, 35% were sold under asking, 20% were sold at asking, and 45% were sold over asking.
Days on Market for Mason, VA
How long does it take to sell a home in Mason, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 20 Days | +12.7% |
Summary: Homes in Mason had an average of 20 days on market in Oct 2024, up by 12.7% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mason are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 69 homes were sold in Mason; 80% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
