Is Mason Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$260,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mason Township was $260,000 in April 2024, up 10.2% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $171.5K | $87.5K | -49.0% |
2 Bedrooms | $169.9K | $140K | -17.6% |
3 Bedrooms | $236K | $255K | +8.1% |
4 Bedrooms | $267K | $300K | +12.4% |
5+ Bedrooms | $348.7K | $375K | +7.5% |
Summary: Mason Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Cities
Calvin Township | $272.5K | $319.5K | +17.2% |
Mason Township | $236K | $260K | +10.2% |
Porter Township | $399K | $387.5K | -2.9% |
Housing Supply in Mason Township, MI
How many homes are available in Mason Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 57 | +9.6% |
Summary: The Mason Township real estate market had 57 homes for sale in April 2024, a 9.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 29 | 32 | +10.3% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Mason Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Mason Township in April 2024, down by 20.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 33% were sold at asking, and 42% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 19 Days | +34.3% |
Summary: Homes in Mason Township had an average of 19 days on market in Apr 2024, up by 34.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Mason Township; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.