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Is Mendon, MI 49072 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Mendon is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market—Listing to accepted offer
Median price per sq ft$126▼ −26.1% vs. last year

The Mendon housing market right now

In the three months ending August 31, 2026, 0% of homes in Mendon, MI 49072 sold above their list price and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 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 more slowly (26 days then) and the median sale price fell 38% to $187,169. Overall, Mendon is less competitive than a year ago, which gives buyers more room.

Within St. Joseph County, homes here sell less often over asking than in any other ZIP code in the county.

Nearby, Constantine 49042 (33% sold over asking) and Sturgis 49091 (22% sold over asking) are even more competitive.

Run the numbers for 49072

Prefilled for 49072Can I win this house?Multiple-offer likelihood for a listing Prefilled for 49072Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Burr Oak 49030Seller’s market $118 /sq ftCentreville 49032Seller’s market $151 /sq ftColon 49040Seller’s market $176 /sq ftConstantine 49042Seller’s market $147 /sq ft Browse all markets →

Towns like Mendon nearby

Find towns like Mendon in other states →
Decatur, MI49045 · 29 miles away94% similarlarger Athens, MI49011 · 14 miles away92% similarVery close on income, prices and more Tekonsha, MI49092 · 25 miles away92% similarsmaller Reading, MI49274 · 38 miles away92% similarVery close on income, prices and more

Where Mendon is

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Questions about Mendon real estate

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

A buyer’s market: there were 9.6 months of supply in Mendon, MI 49072 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

Do homes in Mendon sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What are property taxes in Mendon?

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

What is the median home price in Mendon?

The median sale price was $187,169 in the three months ending August 31, 2026, about $126 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