in Mazon, IL • 2026 Buying Guide
Best Month
December
$114K
Avoid
August
$197K
Potential Savings
$83K
42.2% difference
Market Type
Balanced
3.0 mo. supply
Even in a seller's market, condos require strategic timing. Focus on move-in ready presentation, as condo buyers often want turnkey living. Highlight low HOA fees, building amenities, and any recent assessments already paid.
Median Sale Price
$129K
N/A YoY
Days on Market
83
median days
Inventory
3
active listings
Sale-to-List Ratio
92.8%
room to negotiate
Jan
$176K
Feb
$169K
Mar
$178K
Apr
$135K
May
$144K
Jun
$167K
Jul
$143K
Aug
$197K
PeakSep
$152K
Oct
$149K
Nov
$159K
Dec
$114K
BestBased on historical sales data in Mazon
Condos often have a counter-cyclical market. While families focus on single-family homes during spring and summer, condo inventory can peak in fall and winter. This means less competition and more negotiating power for condo buyers during traditionally "slow" seasons.
Pro Tip: With Mazon's median price at $129K, a 20% down payment would be approximately $26K. Get pre-approved early to know exactly what you can afford.
Based on our analysis of Mazon's housing market, December is typically the best time to buy a condo. During this month, prices average around $114K, which is 42.2% lower than peak prices in August. Condos often have a counter-cyclical market. While families focus on single-family homes during spring and summer, condo inventory can peak in fall and winter. This means less competition and more negotiating power for condo buyers during traditionally "slow" seasons.
The current median home price in Mazon is $129K. Condo prices vary based on location, size, and condition. Year-over-year, prices have changed N/A. Condos typically appreciate more slowly than single-family homes but offer lower entry costs and maintenance. Location within the building matters - higher floors and better views command premiums.
Mazon has a balanced market. This means you have reasonable options without extreme competition. Take time to find the right condo but be prepared to move when you find it.
Key considerations for buying a condo in Mazon include: Review at least 3 years of HOA meeting minutes for hidden issues; Check the reserve fund percentage (ideally 70%+ funded); Verify what insurance the HOA covers vs. what you need. Also watch for red flags like HOA with less than 50% reserves and Multiple units for sale in same building (could indicate problems).
Homes in Mazon currently spend an average of 83 days on market. This suggests a slower market where you have more time to negotiate.
Some condos may not be FHA or VA approved - check early Non-warrantable condos require conventional financing with higher down payments With Mazon's median price of $129K, you'll want to get pre-approved early to understand your budget.
Looking for the best time to buy a condo in Mazon? Our analysis shows that December typically offers the best prices, with homes averaging around $114K. Buying during this time could save you up to $83K compared to peak months like August.
With a median price of $129K and homes spending an average of 83 days on market, Mazon is currently a balanced market. There's currently 3.0 months of inventory available.
Condos typically appreciate more slowly than single-family homes but offer lower entry costs and maintenance. Location within the building matters - higher floors and better views command premiums.
Working with a local real estate agent who knows Mazon can help you understand neighborhood dynamics, identify the best opportunities, and negotiate effectively in this market.
Connect with local agents who specialize in condos.