Is Mason Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mason Township has remained a Seller's Market.
Housing Prices in Mason Township, MI
How much do homes in Mason Township, MI cost?
Median Sold Price
$259,900
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mason Township was $259,900 in May 2024, up 15.5% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $87.5K | -68.2% |
2 Bedrooms | $169.9K | $135.5K | -20.3% |
3 Bedrooms | $225K | $254K | +12.9% |
4 Bedrooms | $253.7K | $282.7K | +11.4% |
5+ Bedrooms | $332K | $375K | +13.0% |
Summary: Mason Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 68.2%, 2 bedroom homes decreased by 20.3%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
Mason Township | $225K | $259.9K | +15.5% |
Richland Township | $339.9K | $326.7K | -3.9% |
Housing Supply in Mason Township, MI
How many homes are available in Mason Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
55 | 63 | +14.5% |
Summary: The Mason Township real estate market had 63 homes for sale in May 2024, a 14.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 12 | +33.3% |
3 Bedrooms | 28 | 38 | +35.7% |
4 Bedrooms | 13 | 10 | -23.1% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Mason Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 35.7%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 14 | +16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Mason Township in May 2024, up by 16.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
70 Days | 29 Days | -58.8% |
Summary: Homes in Mason Township had an average of 29 days on market in May 2024, down by 58.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Mason Township; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.