Is Mendon Township, MI 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 Township has remained a Seller's Market.
Housing Prices in Mendon Township, MI
How much do homes in Mendon Township, MI cost?
Median Sold Price
$161,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mendon Township was $161,000 in April 2024, down 21.3% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117.9K | $113K | -4.2% |
2 Bedrooms | $255K | $151.1K | -40.7% |
3 Bedrooms | $184.7K | $153.5K | -16.9% |
4 Bedrooms | $204.5K | $205K | 0.2% |
5+ Bedrooms | - | $294K | N/A |
Summary: Mendon Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes decreased by 40.7%, 3 bedroom homes decreased by 16.9%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Nottawa Township | $200.2K | $207K | +3.4% |
Mendon | $164.5K | $154.5K | -6.1% |
Brady Township | $265K | $225K | -15.1% |
Mendon Township | $204.5K | $161K | -21.3% |
Housing Supply in Mendon Township, MI
How many homes are available in Mendon Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Summary: The Mendon Township real estate market had 7 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mendon Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Mendon Township in April 2024, up by 200.0% 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 Township, MI
How long does it take to sell a home in Mendon Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Mendon Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.