Is Mason, VA 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 has remained a Seller's Market.
Key Takeaway
Mason is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mason, VA
How much do homes in Mason, VA cost?
Median Sold Price
$677,500
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mason have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Mason was $677,500 in May 2024, up 7.6% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245.7K | $253.5K | +3.2% |
| 2 Bedrooms | $355.2K | $367K | +3.3% |
| 3 Bedrooms | $603.6K | $665K | +10.2% |
| 4 Bedrooms | $755K | $801.1K | +6.1% |
| 5+ Bedrooms | $930K | $951K | +2.3% |
Summary: Mason housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Alexandria | $601.3K | $648.2K | +7.8% |
| Mason | $629.3K | $677.5K | +7.6% |
| Braddock | $675K | $721K | +6.8% |
| Falls Church | $691.9K | $723.5K | +4.6% |
| Falls Church | $725K | $720.3K | -0.6% |
Housing Supply in Mason, VA
How many homes are available in Mason, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 251 | 300 | +19.5% |
Summary: The Mason real estate market had 300 homes for sale in May 2024, a 19.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 35 | +59.1% |
| 2 Bedrooms | 45 | 57 | +26.7% |
| 3 Bedrooms | 71 | 78 | +9.9% |
| 4 Bedrooms | 65 | 76 | +16.9% |
| 5+ Bedrooms | 48 | 54 | +12.5% |
Summary: The Mason housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 59.1%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 71 | 66 | -7.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mason, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 66 homes were sold or pending in Mason in May 2024, down by 7.0% month-over-month. Of the 66 sold homes, 24% were sold under asking, 12% were sold at asking, and 64% were sold over asking.
Days on Market for Mason, VA
How long does it take to sell a home in Mason, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 20 Days | +8.0% |
Summary: Homes in Mason had an average of 20 days on market in May 2024, up by 8% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mason are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 66 homes were sold in Mason; 85% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
