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What's My Mason Ohio Home Worth? May 2017 Update

By
Real Estate Agent with Transaction Alliance 513.520.5305 www.LizTour.com SAL.2002007747

Another solid month for Mason Ohio home sales.  Home prices were Mason single family homessteady, time to sell was consistent and for the most part the number of homes for sale were steady too.       

Stay with us for more details for Mason homes!

Is the activity affecting your Mason Ohio home's worth?  Stay with us for all the details and even Search Mason Ohio Homes For Sale links at the end!

We'll cover Mason condos in our Mason Ohio 45040 Condo Market Report May 2017.

All data is derived from the Cincinnati MLS system and involves only Mason homes sold with  REALTOR® involvement and entered in MLS. All data is for the Mason School District area, so is not limited solely to Mason city limits
Long Cove community of Mason Ohio 45040

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long Cove, home to many of Mason's luxury homes

 

So, on to the data!
 
First up is the number of Mason single family homes sold on a month by month basis for 2010 through present:

Mason Single Family Home Market Report

Next is the Mason median price summary chart.

Mason Single Family Home Market Report

 Mason Single Family Home Category Data Summary:

Homes Sold: 61 (0 Bank/Government Owned, 0 Short Sale, 5 New Construction)  UP 20

Average Price:  $369,740 UP $2k

Median Price:  $362,000 UP $14k
Mason Ohio Home

Days on Market Average:  44 SAME (median time 6 days)

Homes Active 6/5/17:  177 UP 12

Homes Pending 6/5/17:  104 DOWN 2

Average Sales/List %:  98.1% UP .2%

Most Expensive Home Sold:  $834,500

Least Expensive Home Sold:  $106,500

 

What are the key takeaways this month?

  • Total sales were up from April but slightly low when compared to past Mays. 
  • The number under contract was essentially the same as the month before, still over 100 homes.   
  • More homes for sale are still needed, especially in the lower price points.  Homes under $250,000 that are in good condition are in very high demand.
  • Median home prices moved up a bit, but average prices were flat.   
  • 12 of the 61 homes sold were priced above $500,000 so the luxury segment did well in May.
  • Days to get under contract was consistent stayed flat at 44 but half were under contract in 6 days or less.  Moral of that story?  Don't waste time if you're interested in a good Mason home for sale.
  • New construction communities are staying busy with Roberts Park, Hudson Hills and Ambleside Meadows moving quickly.  Need help buying any new construction homes, just give us a call at 513-520-5305.  We work for you and NOT the seller and the good news is it doesn't cost extra for us to work for you (and you don't get  a price break for going solo).
  • 41 of the 177 listed homes not under contract are new construction. 
  • Distressed properties (foreclosures and short sales) remain scarce in Mason! None of the 61 homes sold were distressed, and none of the 177 not under contract are distressed. 

 

So what does this mean to you as a Mason Single family home owner? 

Still no reason to change past advice.  Homes are selling FAST and without having to give much off price.  We're heading into the busiest part of the year. However, if you're in the luxury category, expect the sale to take longer as you're competing with plenty of new construction offerings.  

Keep in mind, buyers still aren't keen on homes that show their age or feature decor from 20+ years ago, so the more update to date and the more compelling your asking price, the more likely buyers will flock to your door. 

For an evaluation of your home's marketability and worth, please contact us 513-520-5305 or Liz@LizSpear.com.  

So what does this mean to you as a potential Mason home buyer? 

NO CHANGE HERE:  Homes that are in demand are moving quickly so you have plenty of competition.  While the number of homes for sale increased, it's still a very limited market.  Move fast and bid strong or expect to lose out.  A weak offer may mean you're going to keep looking even longer.  We highly recommend do NOT wait to write that offer or you may lose the chance to own that home.

The longer you wait to purchase a Mason home the more likely it's going to cost you more to buy later.  When you're interested in buying a Mason home, please contact us at 513-520-5305 with your needs and we'll help you find the right Mason community for you! 

And get yourself a dedicated buyer's agent, whether for resale OR new construction!!  The listing agent works for the seller, and when you hire us we work for YOU.  We have incentive to get you the best possible price!

Search for Mason Ohio Homes For Sale Under $200,000

Search for Mason Ohio Homes For Sale $200,000 to $400,000

Search for Mason Ohio Homes For Sale $400,000 to $600,000

Search for Mason Ohio Homes For Sale $600,000 and higher

Serving Mason's home buyers and sellers,
Liz and Bill aka BLiz  

 

Recent Mason Market Reports:

 

April 2017 Mason Ohio single family home report

March 2017 Mason Ohio single family home report

February 2017 Mason Ohio single family home report

January 2017 Mason Ohio single family home report

December 2016 Mason Ohio single family home report

November 2016 Mason Ohio single family home report

October 2016 Mason Ohio single family home report

September 2016 Mason Ohio single family home report

August 2016 Mason Ohio single family home report

July 2016 Mason Ohio single family home report

June 2016 Mason Ohio single family home report

May 2016 Mason Ohio single family home report

April 2016 Mason Ohio single family home report

March 2016 Mason Ohio single family home report

February 2016 Mason Ohio single family home report

January 2016 Mason Ohio single family home report

 

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Serving Warren County Ohio & Adjacent Areas

The Liz Spear Team of Transaction Alliance
Elizabeth Spear, ABR, Ohio License SAL.2002007747

William (Bill) Spear, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418

MailTo:  Liz@LizSpear.com

Search Homes:  Https://WarrenCountyOhioRealEstate.com

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