Is Mason County, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Mason County was a Seller's Market.
Key Takeaway
Mason County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mason County, WV
How much do homes in Mason County, WV cost?
Median Sold Price
$145,500
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mason County have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in Mason County was $145,500 in May 2024, up 17.3% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | $100K | +150.0% |
| 2 Bedrooms | $72.2K | $90K | +24.6% |
| 3 Bedrooms | $135K | $145K | +7.4% |
| 4 Bedrooms | $170K | $182.4K | +7.3% |
| 5+ Bedrooms | $169K | $290K | +71.6% |
Summary: Mason County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 24.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 71.6%.
Median Sold Price Compared To Nearby Counties
| Mason County | $124K | $145.5K | +17.3% |
| Jackson County | $175K | $198.3K | +13.3% |
| Putnam County | $260K | $255K | -1.9% |
Housing Supply in Mason County, WV
How many homes are available in Mason County, WV?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 53 | +35.9% |
Summary: The Mason County real estate market had 53 homes for sale in May 2024, a 35.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 20 | 26 | +30.0% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Mason County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mason County, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Mason County in May 2024, up by 60.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.
Days on Market for Mason County, WV
How long does it take to sell a home in Mason County, WV?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 3 Days | -89.5% |
Summary: Homes in Mason County had an average of 3 days on market in May 2024, down by 89.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mason County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Mason County; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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