Is Mendon, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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, NY
How much do homes in Mendon, NY cost?
Median Sold Price
$412,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mendon have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Mendon was $412,000 in May 2024, up 2.7% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | - | N/A |
| 2 Bedrooms | $159.2K | $275K | +72.6% |
| 3 Bedrooms | $312K | $357.4K | +14.6% |
| 4 Bedrooms | $445K | $512.5K | +15.2% |
| 5+ Bedrooms | $535K | $783.5K | +46.4% |
Summary: Mendon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 72.6%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 46.4%.
Median Sold Price Compared To Nearby Cities
| Henrietta | $232.8K | $268.6K | +15.4% |
| Honeoye Falls | $355K | $399K | +12.4% |
| Mendon | $401K | $412K | +2.7% |
Housing Supply in Mendon, NY
How many homes are available in Mendon, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 31 | +82.4% |
Summary: The Mendon real estate market had 31 homes for sale in May 2024, a 82.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 5 | +400.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 7 | 12 | +71.4% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Mendon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 400%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mendon, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Mendon in May 2024, up by 40.0% month-over-month. Of the 7 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Mendon, NY
How long does it take to sell a home in Mendon, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 7 Days | -31.9% |
Summary: Homes in Mendon had an average of 7 days on market in May 2024, down by 31.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mendon are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Mendon; 100% 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.
