$349,900
1.75 Acres
Land
#73319894, Karen McLinden, Listing Office: Beautiful Day Real Estate
Is Mendon, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
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.
Housing Prices in Mendon, MA
How much do homes in Mendon, MA cost?
Median Sold Price
$760,500
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,500(+8.6%)
Key Takeaway
Homes in Mendon have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Mendon was $760,500 in November 2024, up 8.6% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $364.5K | - | N/A |
| 2 Bedrooms | $443K | $307.5K | -30.6% |
| 3 Bedrooms | $655K | $669.9K | +2.3% |
| 4 Bedrooms | $810.5K | $837.5K | +3.3% |
| 5+ Bedrooms | $815K | $845K | +3.7% |
Summary: Mendon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 30.6%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Mendon | $700K | $760.5K | +8.6% |
| Bellingham | $479K | $500.5K | +4.5% |
| Upton | $665K | $640K | -3.8% |
| Hopedale | $535K | $485K | -9.3% |
Housing Supply in Mendon, MA
How many homes are available in Mendon, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 22 | -21.4% |
Summary: The Mendon real estate market had 22 homes for sale in November 2024, a 21.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 13 | 9 | -30.8% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mendon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mendon, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Mendon in November 2024, down by 44.4% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 44 Days | +67.1% |
Summary: Homes in Mendon had an average of 44 days on market in Nov 2024, up by 67.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mendon are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Mendon; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
