Is Mendon, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mendon is a seller's market

Buyer's
Market

Difference Since December 2021

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.

How much do homes in Mendon, MA cost?

Median Sold Price

$647,500

$262/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$37,500(+6.1%)

Key Takeaway

Homes in Mendon have sold for 6.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $310K-
N/A
2 $431.7K$435K
+0.8%
3 $450.5K$527K
+17.0%
4 $672.5K$740K
+10.0%
5+ $575K$849.9K
+47.8%

Median Sold Price Compared To Nearby Cities

Hopedale
+27.5%
Bellingham
+13.1%
Upton
+10.5%
Mendon
+6.1%

How many homes are available in Mendon, MA?

Number of Homes For Sale

Nov 2022Dec 2022%
1512-20.0%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 11
0.0%
2 11
0.0%
3 54
-20.0%
4 75
-28.6%
5+ 11
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mendon, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Average Sale Time

Dec 2021Dec 2022%
29 Days33 Days+16.1%

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mendon are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Mendon, MA

Mendon, MA has 12 homes on the market. Between November 2022 and December 2022, Mendon, MA real estate market has seen decrease in the number of listings by 20%. While the average time on the market in December 2022 was 33 days, the median list price was $647,500. Listing prices have changed in this real estate market between November 2022 and December 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 0.8% more expensive, 3 bedrooms properties became 17% more expensive, the cost of 4 bedrooms properties went up by 10%, the cost of 5 bedrooms properties went up by 47.8%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, number of 2 bedrooms homes remained the same, number of 3 bedrooms homes decreased by 20%, 4 bedrooms homes inventory decreased by 28.6%, volume of 5 bedrooms homes stayed the same. In December 2022, from all listings sold in Mendon, MA there were more than 0 sold above asking price, over 1 sold below and more than 2 were sold right at the asked price.

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