Is Mendota Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mendota Township has remained a Seller's Market.
Housing Prices in Mendota Township, IL
How much do homes in Mendota Township, IL cost?
Median Sold Price
$137,500
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mendota Township was $137,500 in April 2024, up 13.7% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $93.7K | $82.5K | -12.0% |
3 Bedrooms | $141.4K | $150K | +6.0% |
4 Bedrooms | $102K | $135K | +32.4% |
5+ Bedrooms | $92.1K | $213K | +131.2% |
Summary: Mendota Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes increased by 131.2%.
Median Sold Price Compared To Nearby Cities
Mendota | $117.5K | $137.5K | +17.0% |
Mendota Township | $120.9K | $137.5K | +13.7% |
Housing Supply in Mendota Township, IL
How many homes are available in Mendota Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 18 | -5.3% |
Summary: The Mendota Township real estate market had 18 homes for sale in April 2024, a 5.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 11 | 9 | -18.2% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mendota Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Mendota Township in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Mendota Township, IL
How long does it take to sell a home in Mendota Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 10 Days | -56.2% |
Summary: Homes in Mendota Township had an average of 10 days on market in Apr 2024, down by 56.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Mendota Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.