Is Mendota, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Mendota has remained a Neutral Market.
Housing Prices in Mendota, IL
How much do homes in Mendota, IL cost?
Median Sold Price
$118,700
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Mendota was $118,700 in February 2024, down 5.8% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $92.5K | $85K | -8.1% |
3 Bedrooms | $144K | $135K | -6.3% |
4 Bedrooms | $97.5K | $124.9K | +28.1% |
5+ Bedrooms | $92.1K | $189.5K | +105.7% |
Summary: Mendota housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.1%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes increased by 105.7%.
Median Sold Price Compared To Nearby Cities
Mendota | $126K | $118.7K | -5.8% |
Mendota Township | $127.4K | $118.7K | -6.9% |
Housing Supply in Mendota, IL
How many homes are available in Mendota, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
18 | 21 | +16.7% |
Summary: The Mendota real estate market had 21 homes for sale in February 2024, a 16.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 11 | 13 | +18.2% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Mendota housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Mendota in February 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Mendota, IL
How long does it take to sell a home in Mendota, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
100 Days | 11 Days | -89.1% |
Summary: Homes in Mendota had an average of 11 days on market in Feb 2024, down by 89.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 3 homes were sold in Mendota; 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.