In recent years, timber has been considered as an alternative source of building material because of its sustainability and design efficiency. However, the cost competitiveness of timber buildings is still under study due to the lack of available cost information. This paper presents a comprehensive cost comparative analysis of a mass timber building mainly developed with cross-laminated timber (CLT). The actual construction cost of the project is compared with the modeled cost of the same building designed as a concrete option. The result shows that the construction cost of timber building is 6.43% higher than the modeled concrete building. The study further investigated the change orders associated with the project and found that the total cost of change orders contributed 5.62% to the final construction cost of mass timber building. The study is helpful to provide insight into the construction cost of typical mass timber buildings. It also can be used as a guide for the project owners to make decisions regarding their initial investments on a mass timber project.