Is Mendon, MA 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, Mendon has remained a Seller's Market.
Key Takeaway
Mendon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mendon, MA
How much do homes in Mendon, MA cost?
Median Sold Price
$714,000
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mendon have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Mendon was $714,000 in April 2024, up 9.8% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $364.5K | - | N/A |
| 2 Bedrooms | $443K | $437K | -1.4% |
| 3 Bedrooms | $625K | $590K | -5.6% |
| 4 Bedrooms | $748.5K | $830K | +10.9% |
| 5+ Bedrooms | $749.9K | $1.0M | +33.3% |
Summary: Mendon 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 1.4%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 33.3%.
Median Sold Price Compared To Nearby Cities
| Bellingham | $436K | $482.5K | +10.7% |
| Mendon | $650K | $714K | +9.8% |
| Upton | $649.5K | $659.9K | +1.6% |
| Hopedale | $540K | $495K | -8.3% |
Housing Supply in Mendon, MA
How many homes are available in Mendon, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 16 | +77.8% |
Summary: The Mendon real estate market had 16 homes for sale in April 2024, a 77.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 3 | 9 | +200.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Mendon 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mendon, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Mendon in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Mendon, MA
How long does it take to sell a home in Mendon, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 28 Days | -28.0% |
Summary: Homes in Mendon had an average of 28 days on market in Apr 2024, down by 28% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mendon are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Mendon; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
