$2,838 Closing Credit*
$239,000
1,500 SqFt
3 Beds
•2 Full Baths
JEFF KERMATH, Listing Office: KERMATH REALTY LLC
Is Mentor Township, MI 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, Mentor Township has remained a Seller's Market.
Key Takeaway
Mentor Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mentor Township, MI
How much do homes in Mentor Township, MI cost?
Median Sold Price
$122,500
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,550(+27.7%)
Key Takeaway
Homes in Mentor Township have sold for 27.7% more than they did a year ago.
Summary: The median home sold price in Mentor Township was $122,500 in October 2024, up 27.7% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $81.5K | $88.5K | +8.6% |
| 2 Bedrooms | $112.5K | $115K | +2.2% |
| 3 Bedrooms | $81.5K | $136.9K | +68.0% |
| 4 Bedrooms | $102.4K | $208.5K | +103.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Mentor Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 68%, 4 bedroom homes increased by 103.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fairview | $134K | $192K | +43.3% |
| Mentor Township | $95.9K | $122.5K | +27.7% |
| Mio | $105K | $115K | +9.5% |
| Comins Township | $145K | $153.7K | +6.0% |
Housing Supply in Mentor Township, MI
How many homes are available in Mentor Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The Mentor Township real estate market had 15 homes for sale in October 2024, a 7.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mentor Township 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 increased by 33.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mentor Township, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Mentor Township in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Mentor Township, MI
How long does it take to sell a home in Mentor Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mentor Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Mentor Township; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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