Here’s a look at the real estate market in Mason and West Chester for May 2018. Sale prices continue to rise in both Mason and West Chester as we move deeper in the spring months of the year. Will this trend continue into summer? 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 April, there were 77 active listings and 110 pending sales in Mason. There were 70 homes sold with an average listing price of $376,413. This amount shows an increase from the $332,028 in March. The average sale price for April was $368,126, which shows a marked increase from the $321,379 of last month. The median sale price for listings increased to $293,450 from last month’s $280,000.
There were 15 two-bedroom, 20 three-bedroom, 28 four-bedroom, and 7 five-bedroom homes sold during the month of April.
A Look at the Housing Stats for West Chester
At the end of April, there were 89 active listings in West Chester. The total number of properties sold was 116, and there were 155 pending home sales. The average listing price for homes sold in this area was $299,270. This amount shows an increase from the $271,762 from last month. The average sale price is also showing an increase this month from $266,667 in March to $294,697 in April. The median sale price for listings is $275,000 for April, which shows an increase from the median price of $245,000 that we saw in March.
There were 36 three-bedroom, 62 four-bedroom, and 4 five-bedroom homes sold during the month of April. Four bedroom homes continue to be the most popular amongst buyers in West Chester.
What does this mean for buyers?
Set up searches that match your criteria and receive updates in your e-mail inbox with fresh listings. Taking action to get a jump on the competition for homes in the Mason and West Chester market areas could mean the difference between landing the home of your dreams and watching it go to someone else.
Three and four bedroom homes continue to be the most popular listings in Mason and West Chester, but two-bedroom homes make an entrance on the sales chart in Mason. Once you’ve set up a listings search for new homes on the market, you may want to do an address search to learn more about a specific property. This type of search can save you time by targeting exactly what you’re looking for in a home.
What does this mean for sellers?
Sellers in Mason are receiving 98.13% of their listing price for homes sold. When you consider that percentage and the 33 average days a home stays on the market in this area, you may want to schedule a time to talk about getting your home on the market.
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 44 days. Home sellers are in a winning position for selling their home quickly.
Just thinking about selling your home? Get an initial idea of your home’s value by completing a home valuation online.