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

real estate market concept graph papers and woman working on calculatorOctober 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.

There were 20 two-bedroom, 22 three-bedroom, 32 four-bedroom, and 5 five-bedroom homes sold during the month of September.

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.

There were 35 three-bedroom, 63 four-bedroom, and 7 five-bedroom homes sold during the month of September. Four-bedroom homes continue to be the most popular home choice for buyers in West Chester.

What does this mean for buyers?

man and woman smiling and standing at a door holding house keysThe 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 updatesSet 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 onlineContact us to get a comprehensive home valuation that can help you set the right asking price that will get the attention of potential buyers.

Mason Homes for Sale

See Additional Reports on the Mason and West Chester Real Estate Market

Wondering what your home might be worth? Find out instantly with our 15-second home value calculator.

Here are the most recent home listings just added to the database in the average sale price range for Mason. All homes here are priced at $321,229 or less.

West Chester Homes for Sale

Here are the most recent home listings just added to the database in the average sale price range for West Chester. All homes here are priced at $278,757 or less.

Summary
Mason and West Chester Real Estate Market Report - October 2018
Article Name
Mason and West Chester Real Estate Market Report - October 2018
Description
The month of October began with the average sale price for homes in Mason at $321,229. The average sale price for homes in West Chester is $278,757. See more stats here!
Author
Publisher Name
Mike Wall - EXP Realty
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