Warren County Ohio Real Estate News and Observations: What's My Mason Ohio Home Worth? August 2018

What's My Mason Ohio Home Worth? August 2018

As usual for this time of year, the Mason Ohio real estate market is starting to slow.  Fewer homes on the market and a bit longer on average to get under contract.  There are still PLENTY of sales to happen as the 96 homes under contract indicates.  Stay with us for more details for Mason homes!

Is the activity affecting your Mason Ohio home's worth?  Stay with us for all the details and even Search Mason Ohio Homes For Sale links at the end!

We'll cover Mason condos in our Mason Ohio 45040 Condo Market Report August 2018.

All data is derived from the Cincinnati MLS system and involves only Mason homes sold with  REALTOR® involvement and entered in MLS. All data is for the Mason School District area, so is not limited solely to Mason city limits
Long Cove community of Mason Ohio 45040

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long Cove, home to many of Mason's luxury homes

 

So, on to the data!
 
First up is the number of Mason single family homes sold on a month by month basis for 2010 through present:

Mason Single Family Home Market Report

Next is the Mason median price summary chart.

Mason Single Family Home Market Report

 Mason Single Family Home Category Data Summary:

Homes Sold: 53 (0 Bank/Government Owned, 0 Short Sale, 5 New Construction)  DOWN 20

Average Price:  $366,541 DOWN $25.5k

Median Price:  $296,400 DOWN $53.5k
Mason Ohio Home

Days on Market Average: 52 UP 8 (median time 11 days)

Homes Active 9/5/18:  237 DOWN 19

Homes Pending 9/5/18:  96 UP 17

Average Sales/List %:  95.5% DOWN  1.7%

Most Expensive Home Sold:  $1,300,000

Least Expensive Home Sold:  $122,000

What are the key takeaways this month?

  • As usual for this time of year, things are slowing down.  Fewer homes sold and the average time is longer.
  • Don't get too worried about the big price drops, Mason hasn't suddenly lost its appeal and had home values drop.  This is more a mix issue, with only 8 homes selling for more than $500,000, although that 8 includes 2 million dollar homes.  
  • Median time to sell stayed within under two weeks.
  • Affordable housing is still scarce and if you want new construction for the most part you're going to need a budget of $500k or more.
  • New construction communities are staying busy with Roberts Park, Hudson Hills and Ambleside Meadows moving quickly.  Need help buying any new construction homes, just give us a call at 513-520-5305.  We work for you and NOT the seller and the good news is it doesn't cost extra for us to work for you (and you don't get  a price break for going solo).
  • Distressed properties (foreclosures and short sales) remain almost nonexistent in Mason! None of the 53 homes sold were distressed, and only 1 of the 237 not under contract are distressed. 

 

So what does this mean to you as a Mason single family home owner? 

Still no reason to change last month's observations:  It depends on your price point.  The affordable homes will still move quickly.  The more expensive homes are competing with new construction so you have to make the deal appealing enough for buyers to skip building new to order.  There is an abundance of homes for sale priced $400k and up. 

Keep in mind, buyers still aren't keen on homes that show their age or feature decor from 20+ years ago, so the more up to date and the more compelling your asking price, the more likely buyers will flock to your door. 

For an evaluation of your home's marketability and worth, please contact us 513-520-5305 or Liz@LizSpear.com.  

So what does this mean to you as a potential Mason home buyer? 

Still no change here either.  The best homes move quickly.  Even with the increase in homes for sale, there are some segments of the market lacking choice.   Of the homes on the market, some have notable problems (busy roads, etc.) that will make them unsuitable for most buyers. Move fast and bid strong or expect to lose out on the best homes.  A weak offer may mean you're going to keep looking even longer.  We highly recommend do NOT wait to write that offer or you may lose the chance to own that home.

The longer you wait to purchase a Mason home the more likely it's going to cost you more to buy later.  When you're interested in buying a Mason home, please contact us at 513-520-5305 with your needs and we'll help you find the right Mason community for you! 

And get yourself a dedicated buyer's agent, whether for resale OR new construction!!  The listing agent works for the seller, and when you hire us we work for YOU.  We have incentive to get you the best possible price!

Search for Mason Ohio Homes For Sale Under $200,000

Search for Mason Ohio Homes For Sale $200,000 to $400,000

Search for Mason Ohio Homes For Sale $400,000 to $600,000

Search for Mason Ohio Homes For Sale $600,000 and higher

Serving Mason's home buyers and sellers,
Liz and Bill aka BLiz  

 

Recent Mason Market Reports:

 

July 2018 Mason Ohio single family home report

June 2018 Mason Ohio single family home report

May 2018 Mason Ohio single family home report

April 2018 Mason Ohio single family home report

March 2018 Mason Ohio single family home report

February 2018 Mason Ohio single family home report

January 2018 Mason Ohio single family home report

 

Serving Warren County Ohio & Adjacent Areas


The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747

William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418

MailTo:  Liz@LizSpear.com

Search Homes:  Http://WarrenCountyOhioRealEstate.com

Our Website:  www.LizTour.com

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Comment balloon 3 commentsLiz and Bill Spear • September 06 2018 11:31PM

Comments

Very nice market report. I like the title as it is an attention getter

Posted by Scott Godzyk, One of Manchester NH's Leading Agents (Godzyk Real Estate Services) 2 months ago

wow, pending in less than two weeks is your median.  WOW.  We have a few listings like that, but our median and averages are MUCH longer.

Posted by Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville (Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668) 2 months ago

Good morning Liz and Bill.  Thanks for the information and update about the Mason Ohio real estate market.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) 2 months ago

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