Here’s a look at the real estate market report for Mason and West Chester for September 2018. The average listing price of homes in Mason is down again this month. West Chester’s average sale price barely changed at all. Let’s take a closer look at the real estate numbers for Mason and West Chester.
A Look at the Housing Stats for Mason
September in Mason began with 72 active listings. This number is down slightly from the 74 recorded last month. There were 91 pending sales. This number shows an increase from the 64 from last month.
There were 69 homes sold in August with an average listing price of $339,208. This amount is down from the $352,469 recorded in July. The average sale price for August was $325,675. This amount shows a decrease from the 343,400 from the previous month. The median sale price for homes in the Mason area was $260,000. This amount shows a decrease from the $293,750 last month.
There were 12 two-bedroom, 23 three-bedroom, 23 four-bedroom, and 10 five-bedroom homes sold during the month of August.
A Look at the Housing Stats for West Chester
We entered September in West Chester with 109 active listings. This number is up from the 98 active listings recorded last month. There were 211 homes sold during the month of August. The month ended with 117 pending sales.
The average listing price for homes sold in the West Chester area was $290,236. This amount is down from the $291,918 in July. The average sale price was $284,701, which didn’t change a great deal from the $284,690 last month. The median sale price comes in at $272,900. This amount is down from the $261,000 recorded for the previous month.
There were 66 three-bedroom, 112 four-bedroom, and 12 five-bedroom homes sold during the month of July. Four-bedroom homes continue to be the most popular home choice for buyers in West Chester.
What does this mean for buyers?
The average sale price for homes decreased in both Mason and West Chester as we entered the month of September, but the dip in price for West Chester wasn’t significant. The trend that started several months ago continues with these lower numbers. 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. However, there were plenty of five-bedroom homes on the active listings record as we entered September that could have the additional space you need. 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 97.56% 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 98.26% of their listing price for homes sold. The average time a home stays on the market in this area is 22 days.
Both areas saw an increase in homes sold last month, which could be a positive note for those thinking about putting their home on the market as the summer months come to an end. 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.