Mendon Real Estate
4 active listings · 30 sold in the past 12mo
$289,450
Median List Price
30
Sold (past 12mo)
66
Avg Days on Market
-7.2%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(4)
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For Sale
1/32
$450,000
55686 Parkville Road, Mendon, MI 49072
5 bd2 ba2,312 sqft6.10 ac
Single Family
For Sale
1/38
$299,000
22951 Riverside Drive, Mendon, MI 49072
2 bd2 ba2,200 sqft0.53 ac
Single Family
For Sale
1/26
$279,900
55530 Bucknell Lane, Mendon, MI 49072
4 bd2 ba2,268 sqft0.20 ac
Single Family
For Sale
1/36
$195,000
235 N Nottawa Street, Mendon, MI 49072
3 bd1 ba2,000 sqft0.38 ac
Single Family
Recently Sold(30)
Frequently Asked Questions about Mendon
What is the current real estate inventory in Mendon?
Buyers in Mendon can choose from 4 active listings. The median asking price is $289,450.
What is the median home price in Mendon?
Based on 30 sales in the past year, homes in Mendon have a median price of $289,450.
How fast do homes sell in Mendon?
Over the past year, homes in Mendon spent an average of 66 days on market before selling.
What school districts serve Mendon?
Multiple school districts may serve Mendon. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
Is Mendon a buyer's or seller's market?
Mendon is currently a seller's market, with 1.6 months of supply. That ratio comes from 4 active listings relative to 30 sales per year.
How much are property taxes in Mendon?
Property taxes in Mendon are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
What does demographic data show about housing demand in Mendon?
Based on Census Bureau ACS data, Mendon shows a -7.2% Household Formation Gap. Despite household size decreasing from 2.81 to 2.61, the 13.8% population decline has reduced the overall number of households needing housing. This is a secondary demographic indicator, distinct from primary market measures.