Is Mason Neck, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mason Neck is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Mason Neck has remained a Seller's Market.

Key Takeaway

Mason Neck is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mason Neck, VA

How much do homes in Mason Neck, VA cost?

Median Sold Price

$741,250

$427/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$158,749(-17.6%)

Key Takeaway

Homes in Mason Neck have sold for 17.6% less than they did a month ago.

Summary: The median home sold price in Mason Neck was $741,250 in October 2024, down 17.6% from last month, and the median price per square foot was $427.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $900K$732.5K
-18.6%
4 -$750K
N/A
5+ --
N/A

Summary: Mason Neck housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 18.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Mason Neck, VA

How many homes are available in Mason Neck, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
49+125.0%

Summary: The Mason Neck real estate market had 9 homes for sale in October 2024, a 125.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 12
+100.0%
4 12
+100.0%
5+ 25
+150.0%

Summary: The Mason Neck 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 increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mason Neck, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Mason Neck in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Mason Neck, VA

How long does it take to sell a home in Mason Neck, VA?

Average Sale Time

Sep 2024Oct 2024CHANGE
6 Days4 Days-25.0%

Summary: Homes in Mason Neck had an average of 4 days on market in Oct 2024, down by 25% compared to last month.

Breakdown of Home Sale Times

2 Homes Were 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 Mason Neck are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Mason Neck; 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 14 Days Ago

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