Here’s a look at the real estate market report for Mason and West Chester for November 2018. The average listing price of homes in Mason decreased by $19,224.00. West Chester’s average listing price increased by $23,930.00. Let’s take a closer look at the real estate numbers for Mason and West Chester.
A Look at the Housing Stats for Mason
November in Mason began with 68 active listings. This number is up from last month. There were 49 pending sales. This number shows a decrease from the 59 recorded last month.
There were 76 homes sold in October with an average listing price of $312,428. This amount is down from the $331,652 recorded in September. The average sale price for October was $304,865. This amount shows a decrease from the $321,229 from the previous month. The median sale price for homes in the Mason area was $258,750. This amount shows a decrease from the $282,500 last month.
A Look at the Housing Stats for West Chester
We entered November in West Chester with 93 active listings. This number is up from the 77 active listings recorded last month. There were 106 homes sold during the month of October. The month ended with 106 pending sales.
The average listing price for homes sold in the West Chester area for October was $306,595. This amount is up from the $282,665 in September. The average sale price was $300,877, which is up from the $278,757 last month. The median sale price comes in at $279,859. This amount is up from the $255,000 recorded for the previous month.
There were 27 three-bedroom, 59 four-bedroom, and 10 five-bedroom homes sold during the month of October. Four-bedroom homes continue to be the most popular home choice for buyers in West Chester, but we are seeing a greater interest in two-bedroom homes in the area.
What does this mean for buyers?
The average sale price for homes decreased again this month in Mason, but West Chester is showing an increase in the average sale price as we enter the month of November. No matter which area you’re considering for a home, it’s more important than ever to be aware of new listings as soon as they hit the market. You can do this by signing up for email updates. Set up searches that make sense for your needs and get an alert when new homes are listed.
Homes with three to four bedrooms remain the top choice for home buyers in both areas. There are a limited number of homes with five or more bedrooms, which makes signing up for new listing alerts even more important. Find out if you can afford the extra bedrooms by using the mortgage calculator.
What does this mean for sellers?
Sellers in Mason are receiving 97.97% of their listing price for homes sold. Homes in this area stay on the market for an average of 35 days.
Sellers in West Chester are receiving 97.99% of their listing price for homes sold. The average time a home stays on the market in this area is 24 days.
Buyers in Mason are actively looking for new listings, and the market is on the upswing in West Chester. If you’ve been thinking of selling your home, get an idea of your home’s value by completing a home valuation online. Contact us to get a comprehensive home valuation that can help you set the right asking price that will get the attention of potential buyers.