Is Mendon Township, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mendon Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Mendon Township was a Seller's Market.

Key Takeaway

Mendon Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Mendon Township, IA

How much do homes in Mendon Township, IA cost?

Median Sold Price

$211,000

$108/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$116,500(-35.6%)

Key Takeaway

Homes in Mendon Township have sold for 35.6% less than they did a month ago.

Summary: The median home sold price in Mendon Township was $211,000 in November 2024, down 35.6% from last month, and the median price per square foot was $108.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $220K-
N/A
4 $435K$211K
-51.5%
5+ --
N/A

Summary: Mendon Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 51.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Bridgeport
+6.3%
Mendon Township
-35.6%
Mc Gregor
-51.5%

Housing Supply in Mendon Township, IA

How many homes are available in Mendon Township, IA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
57+40.0%

Summary: The Mendon Township real estate market had 7 homes for sale in November 2024, a 40.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 03
+100.0%
3 21
-50.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The Mendon Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 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 Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Mendon Township in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Mendon Township, IA

We’re sorry, we don't have information for this market at the moment

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

Report Updated 3 Days Ago

Newest Listings in Mendon Township, IA

Nearby Markets to Mendon Township, IA