Is Mendon, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Mendon was a Neutral Market.
Housing Prices in Mendon, NY
How much do homes in Mendon, NY cost?
Median Sold Price
$412,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Mendon was $412,000 in June 2024, up 2.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | - | N/A |
2 Bedrooms | $159.2K | $275K | +72.6% |
3 Bedrooms | $337.5K | $399K | +18.2% |
4 Bedrooms | $435.2K | $495K | +13.7% |
5+ Bedrooms | $535K | $760K | +42.1% |
Summary: Mendon housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 72.6%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 42.1%.
Median Sold Price Compared To Nearby Cities
Henrietta | $235K | $275K | +17.0% |
Honeoye Falls | $360K | $404K | +12.2% |
Mendon | $400.5K | $412K | +2.9% |
Housing Supply in Mendon, NY
How many homes are available in Mendon, NY?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
29 | 26 | -10.3% |
Summary: The Mendon real estate market had 26 homes for sale in June 2024, a 10.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 5 | +150.0% |
3 Bedrooms | 10 | 5 | -50.0% |
4 Bedrooms | 12 | 10 | -16.7% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Mendon housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
9 | 5 | -44.4% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Mendon in June 2024, down by 44.4% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Mendon, NY
How long does it take to sell a home in Mendon, NY?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
6 Days | 5 Days | -6.7% |
Summary: Homes in Mendon had an average of 5 days on market in Jun 2024, down by 6.7% 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 June 2024, 5 homes were sold in Mendon; 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.