$6,650 Closing Credit*
$560,000
1,800 SqFt
3 Beds
•2 Full Baths
#73298666, Glen Chouinard, Listing Office: Daniel Stroe Realty
Is Mendon, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Mendon was a Seller's Market.
Key Takeaway
Mendon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mendon, MA
How much do homes in Mendon, MA cost?
Median Sold Price
$755,000
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$81,250(+12.1%)
Key Takeaway
Homes in Mendon have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Mendon was $755,000 in September 2024, up 12.1% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $364.5K | - | N/A |
| 2 Bedrooms | $446.5K | $307.5K | -31.1% |
| 3 Bedrooms | $647.5K | $625K | -3.5% |
| 4 Bedrooms | $757.9K | $862.5K | +13.8% |
| 5+ Bedrooms | $1.0M | $845K | -15.5% |
Summary: Mendon housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31.1%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes decreased by 15.5%.
Median Sold Price Compared To Nearby Cities
| Mendon | $673.7K | $755K | +12.1% |
| Bellingham | $470K | $490K | +4.3% |
| Upton | $659.9K | $652K | -1.2% |
| Hopedale | $514.5K | $500K | -2.8% |
Housing Supply in Mendon, MA
How many homes are available in Mendon, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The Mendon real estate market had 28 homes for sale in September 2024, a 7.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Mendon housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mendon, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Mendon in September 2024, down by 70.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 55 Days | 36 Days | -34.2% |
Summary: Homes in Mendon had an average of 36 days on market in Sep 2024, down by 34.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mendon has remained consistent over time.
Summary: During September 2024, 3 homes were sold in Mendon; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
