$3,551 Closing Credit*
$299,000
2,162 SqFt
3 Beds
•2 Full Baths
Mary K Rosenberry, Listing Office: Berkshire Hathaway HomeServices Michigan Real Estate
Is Mendon Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mendon Township was a Seller's Market.
Key Takeaway
Mendon Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mendon Township, MI
How much do homes in Mendon Township, MI cost?
Median Sold Price
$195,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,000(-2.5%)
Key Takeaway
Homes in Mendon Township have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Mendon Township was $195,000 in November 2024, down 2.5% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132K | $136K | +3.0% |
| 2 Bedrooms | $196K | $122.5K | -37.5% |
| 3 Bedrooms | $185K | $201.2K | +8.8% |
| 4 Bedrooms | $205K | $225K | +9.8% |
| 5+ Bedrooms | $265K | $335K | +26.4% |
Summary: Mendon Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 26.4%.
Median Sold Price Compared To Nearby Cities
| Mendon | $190.5K | $192.5K | +1.0% |
| Mendon Township | $200K | $195K | -2.5% |
| Nottawa Township | $235.7K | $215K | -8.8% |
| Brady Township | $276.9K | $251K | -9.4% |
Housing Supply in Mendon Township, MI
How many homes are available in Mendon Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 17 | +54.5% |
Summary: The Mendon Township real estate market had 17 homes for sale in November 2024, a 54.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 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 remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mendon Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Mendon Township in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% 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?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 35 Days | +56.0% |
Summary: Homes in Mendon Township had an average of 35 days on market in Nov 2024, up by 56% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mendon Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Mendon Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
