Here’s a look at the real estate market report for Mason and West Chester for October 2018. The average listing price of homes in Mason decreased by $7,556.00. West Chester’s average listing price dropped $6,571.00. Let’s take a closer look at the real estate numbers for Mason and West Chester.
A Look at the Housing Stats for Mason
October in Mason began with 37 active listings. This number is down dramatically from the 72 recorded last month. There were 59 pending sales. This number shows an increase from the 91 from last month.
There were 79 homes sold in September with an average listing price of $331,652. This amount is down from the $339,208 recorded in August. The average sale price for September was $321,229. This amount shows a decrease from the 325,675 from the previous month. The median sale price for homes in the Mason area was $282,500. This amount shows a decrease from the $260,000 last month.
A Look at the Housing Stats for West Chester
We entered October in West Chester with 77 active listings. This number is down from the 109 active listings recorded last month. There were 119 homes sold during the month of September. The month ended with 107 pending sales.
The average listing price for homes sold in the West Chester area for September was $283,665. This amount is down from the $290,236 in August. The average sale price was $278,757, which is down from the $284,701 last month. The median sale price comes in at $255,000. This amount is down from the $272,900 recorded for the previous month.
What does this mean for buyers?
The average sale price for homes decreased again this month in both Mason and West Chester as we entered the month of October. A slow down in home sales is not unusual as we head into cooler months. Stay ahead of the competition for homes by making sure you sign up for email updates. Set up searches that makes 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 97.55% of their listing price for homes sold. Homes in this area stay on the market for an average of 33 days.
Sellers in West Chester are receiving 98.56% of their listing price for homes sold. The average time a home stays on the market in this area is 30 days.
Both areas are in need of fresh homes on the market as we move into the fall season. 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.