$6,828 Closing Credit*
$575,000
2,306 SqFt
4 Beds
•1 Full Bath, 1 Partial
#73311583, Cheryl Luccini, Listing Office: Keller Williams Elite
Is Mendon, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, up 8.6% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $364.5K | - | N/A |
| 2 Bedrooms | $443K | $307.5K | -30.6% |
| 3 Bedrooms | $650K | $692K | +6.5% |
| 4 Bedrooms | $801K | $850K | +6.1% |
| 5+ Bedrooms | $815K | $845K | +3.7% |
Summary: Mendon housing prices by bedroom type for October 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 6.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Mendon | $700K | $760.5K | +8.6% |
| Bellingham | $479K | $500K | +4.4% |
| Hopedale | $500K | $495K | -1.0% |
| Upton | $660K | $650K | -1.5% |
Housing Supply in Mendon, MA
How many homes are available in Mendon, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 30 | +36.4% |
Summary: The Mendon real estate market had 30 homes for sale in October 2024, a 36.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Mendon housing inventory by bedroom type for October 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 11.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mendon, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Mendon in October 2024, up by 200.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 29 Days | -9.5% |
Summary: Homes in Mendon had an average of 29 days on market in Oct 2024, down by 9.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were 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 October 2024, 9 homes were sold in Mendon; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
