Here’s a look at the real estate market in Mason and West Chester for March 2018. Average sales prices increase for homes in Mason as we move into March. West Chester homes are also seeing a rise in prices. Take a closer look at the stats for this month in these areas.
A Look at the Housing Stats for Mason
At the end of February, there were 45 active listings in Mason. A total of 44 properties sold in the month of February. The average listing price for homes in Mason was $324,318, and the average sale price was $317,583. The average sale price in January was $269,266.
A Look at Housing Stats for West Chester
At the end of February, there were 69 active listings in West Chester. February saw a total of 105 properties sell. This number is up from last month’s 89 homes sold. The average listing price for homes in this area was $308,889, and the average sale price was $301,615. The average sale price for homes in January was $245,211.
What does this mean for buyers?
After a decrease in the average sales price in January, we see an increase for the month of February. Buyers are continuing to move quickly when they find a home that fits their needs. For this reason, you’ll want to see new homes on the market as quickly as possible. Set up searches that match your criteria and receive updates in your e-mail inbox with fresh listings.
For buyers in West Chester, average sale prices increased for the month of February. Buyers seem most interested in three and four bedroom homes, so if this is part of your criteria, you’ll want to stay on top of the competition. If there is a home you know you’re interested in, you can do an address search to learn more.
What does this mean for sellers?
Sellers in Mason are receiving 97.4% of their listing price for homes sold. When you consider that percentage and the 52 average days a home stays on the market in this area, it’s easy to see that it’s prime time to sell a home in this area.
Sellers in West Chester are receiving 98.16% of their listing price for homes sold. The average time a home stays on the market in this area is 66 days. Sellers have the upper hand when it comes to the real estate market in this area.
It’s extremely important to set your asking price right the first time. Setting the price too high or too low can cause delays and impact the selling price. You can get an initial idea of your home’s value by completing a home valuation online.