Mendon Housing Market Report January 2025•Worcester County, Massachusetts

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Housing Prices in Mendon, MA

How much do homes in Mendon, MA cost?

Housing Market Conditions

Is Mendon, MA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Mendon is a Seller's Market

Difference Since December 2024

Last month, Mendon has remained a Seller's Market.

Insight

Mendon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$605,000$271/SqFt
-$125,000
-17.1%

Based on all homes sold in January 2025

Insight

Homes in Mendon have sold for 17.1% less than they did a month ago.

Summary: The median home sold price in Mendon was $605,000 in January 2025, down 17.1% from last month, and the median price per square foot was $271.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2024Jan 2025Change YoY
2--
N/A
3$730K$637.5K
-12.7%
4$912.5K$605K
-33.7%
5--
N/A
1--
N/A

Summary: Mendon housing price by bedroom type for January 2025, compared to the previous year. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -12.7%. The home price for 4 bedroom homes decreased by -33.7%. The home price for 5 bedroom homes did not change. The home price for 1 bedroom homes did not change.

Housing supply in Mendon, MA

How many homes are available in Mendon, MA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
17Last MonthJan 2025
182 months agoDec 2024
-5.6 %
Change MoMDec – Jan

Summary: The Mendon real estate market had 17 homes for sale in Jan 2025, a 5.6 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
5Last MonthJan 2025
52 months agoDec 2024
0.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
223
+50.0%
365
-16.7%
496
-33.3%
513
+200.0%
100
0.0%

Summary: Mendon housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes decreased by -16.7%. The inventory for 4 bedroom homes decreased by -33.3%. The inventory for 5 bedroom homes increased by +200.0%. The inventory for 1 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Mendon, MA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price3 Homes

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Mendon, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Mendon in January 2025, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and and 60% were sold over asking.

Days on Market for Mendon, MA

How long does it take to sell a home in Mendon, MA?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days1 Home

Over 90 Days1 Home

Insight

Many homes in Mendon are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 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.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
43 DaysLast MonthJan 2025
23 Days1 month agoDec 2024
+83.9 %
Change MoMDec – Jan

Summary: Homes in Mendon had an average listing age of 43 days in Jan 2025, up by 83.9% compared to the previous month.

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Newest Listings in Mendon, MA

What homes are available in Mendon, MA?

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MLS Disclaimers and Copyright

Based on information from MLS Property Information Network Inc., for the period 12/01/2024 - 02/01/2025

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2025, 1:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.