April was good for Mason Ohio home sales. More homes sold than typical for the month, and prices were very good. Luxury home sales bounced back from March's lows. We're heading into the peak selling season, but perhaps we're just a bit more balanced than last year. Starter homes should still be in high demand due to their scarcity in the Mason market. 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 April 2019.
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, 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 2013 through present:
Next is the Mason median price summary chart.
Mason Single Family Home Category Data Summary:
Homes Sold: 66 (0 Bank/Government Owned, 0 Short Sale, 6 New Construction) UP 24
Average Price: $421,188 UP $72k
Median Price: $396,500 UP $78k
Days on Market Average: 77 UP 1 (median time 22 days)
Homes Active 5/11/2019: 204 UP 2
Homes Pending 5/11/2019: 112 UP 11
Average Sales/List %: 96.4% DOWN 1.3%
Most Expensive Home Sold: $1,380,000
Least Expensive Home Sold: $130,750
What are the key takeaways this month?
- Total sales jumped over 50% from last month and when you compare to previous Aprils you'll see 2019 was a much better April than typical for quantity.
- The huge price jumps? They basically cancelled out huge price drops from the prior month. It comes back to mix, and while March was short on luxury sales ($500,000 or more) with only 5 sales, April tallied 13 and that included 2 over 1 million vs. none in March. Easy to see why the prices jumped, right?
- New construction accounted for 6 of the 66 home sales.
- Overall, the market is more balanced than it has been in some time. The number of homes offered for sale increased slightly, the number under contract increased, but the time to sell stayed about the same or increased slightly.
- Basically, buyers are absorbing new entires to the market and maintaining current demand.
New construction communities are staying busy with Kerrisdale, 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).
- Distressed properties (foreclosures and short sales) were nonexistent in Mason! None of the 66 homes sold were distressed, and none of the 204 not under contract are distressed.
So what does this mean to you as a Mason single family home owner?
The advice stays the same: It depends on your price point. The affordable homes will still move quickly. The more expensive homes are competing with new construction so you have to make the deal appealing enough for buyers to skip building new to order. There is an abundance of homes for sale priced $400k and up.
Keep in mind, buyers still aren't keen on homes that show their age or feature decor from 20+ years ago, so the more up 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?
We're going to stay the same with our buyer advice. The best homes move quickly. Even with the increase in homes for sale, there are some segments of the market lacking choice. Of the homes on the market, some have notable problems (busy roads, etc.) that will make them unsuitable for most buyers. Move fast and bid strong or expect to lose out on the best homes. 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!
Serving Mason's home buyers and sellers,
Liz and Bill aka BLiz
Recent Mason Market Reports: