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Is Menno, SD 57045 a buyer’s or seller’s market?

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

Menno is a seller’s market. With about 1.6 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list89.7%Sold price ÷ list price
Median days on market51Listing to accepted offer
Median price per sq ft$108▲ +14.9% vs. last year

The Menno housing market right now

In the three months ending August 31, 2026, 0% of homes in Menno, SD 57045 sold above their list price, the typical home went under contract in 51 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 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 40%, homes sold more slowly (48 days then) and the median sale price rose 3% to $205,911. Overall, Menno is less competitive than a year ago, which gives buyers more room.

Nearby, Parkston 57366 (50% sold over asking) is even more competitive.

Run the numbers for 57045

Prefilled for 57045Can I win this house?Multiple-offer likelihood for a listing Prefilled for 57045Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Dimock 57331 — /sq ftFreeman 57029Seller’s market $107 /sq ftParkston 57366Balanced $104 /sq ftTripp 57376Buyer’s market $61 /sq ft Browse all markets →

Towns like Menno nearby

Find towns like Menno in other states →
Armour, SD57313 · 39 miles away92% similarVery close on income, prices and more Freeman, SD57029 · 10 miles away85% similarpricier homes ($62K more) · larger Springfield, SD57062 · 31 miles away85% similarlarger Parkston, SD57366 · 23 miles away82% similarpricier homes ($67K more) · larger

Where Menno is

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Questions about Menno real estate

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

A seller’s market: there were 1.6 months of supply in Menno, SD 57045 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Menno?

The typical home went under contract in 51 days in the latest three months.

Do homes in Menno sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 89.7% of the list price.

What are property taxes in Menno?

About 1.15% of a home’s value a year in Hutchinson County, or roughly $4,600 on a $400,000 home.

What is the median home price in Menno?

The median sale price was $205,911 in the three months ending August 31, 2026, about $108 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