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Is Mendon, OH 45862 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Mendon is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list99.3%Sold price ÷ list price
Median days on market14Listing to accepted offer
Median price per sq ft$158▲ +69.1% vs. last year

The Mendon housing market right now

In the three months ending August 31, 2026, 0% of homes in Mendon, OH 45862 sold above their list price and the typical home went under contract in 14 days. With only 3 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (49 days then) and the median sale price rose 97% to $214,907. Overall, Mendon is less competitive than a year ago, which gives buyers more room.

Within Mercer County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.

Nearby, Coldwater 45828 (50% sold over asking) and Celina 45822 (36% sold over asking) are even more competitive.

Run the numbers for 45862

Prefilled for 45862Can I win this house?Multiple-offer likelihood for a listing Prefilled for 45862Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Burkettsville 45310 $164 /sq ftCelina 45822Seller’s market $176 /sq ftColdwater 45828Seller’s market $132 /sq ftFort Recovery 45846 $150 /sq ft Browse all markets →

Towns like Mendon nearby

Find towns like Mendon in other states →
Quincy, OH43343 · 39 miles away75% similarpricier homes ($49K more) · newer homes Ansonia, OH45303 · 33 miles away72% similarpricier homes ($26K more) · larger Waynesfield, OH45896 · 30 miles away71% similarpricier homes ($65K more) · younger residents Ohio City, OH45874 · 11 miles away70% similarpricier homes ($27K more) · younger residents

Where Mendon is

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Questions about Mendon real estate

How fast do homes sell in Mendon?

The typical home went under contract in 14 days in the latest three months.

Do homes in Mendon sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 99.3% of the list price.

What are property taxes in Mendon?

About 1.10% of a home’s value a year in Mercer County, or roughly $4,400 on a $400,000 home.

What is the median home price in Mendon?

The median sale price was $214,907 in the three months ending August 31, 2026, about $158 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology