Is Mendota, IL 61342 a buyer’s or seller’s market?

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

Mendota is a seller’s market. With about 2.7 months of supply and 30% 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.

Competition score56/ 100

More competitive than 57% of U.S. ZIP codes, and #329 of 464 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply2.7Under 4 months = seller’s market
Sold above original list30%Share of sales, last 3 months
Median sale-to-list98.7%Sold price ÷ list price
Median days on market46Listing to accepted offer
Median price per sq ft$112▼ −9.1% vs. last year

The Mendota housing market right now

In the three months ending August 31, 2026, 30% of homes in Mendota, IL 61342 sold above their list price, the typical home went under contract in 46 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 21 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (30% then), homes sold faster (52 days then) and the median sale price rose 4% to $170,376. Overall, Mendota is about as competitive as it was a year ago.

Within LaSalle County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in 71%. On our competition score, Mendota ranks #329 of 464 IL ZIP codes with enough sales (score 56 out of 100).

Nearby, buyers who want less competition could look at Wenona 61377 (0% sold over asking) or Utica 61373 (0% sold over asking), while Millington 60537 (100% sold over asking) and Sheridan 60551 (60% sold over asking) are even more competitive.

Nearby markets

Cedar Point 61316Seller’s market $46 /sq ftDana 61321 — /sq ftEarlville 60518Seller’s market $162 /sq ftGrand Ridge 61325 — /sq ft Browse all markets →

Where Mendota is

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Questions about Mendota real estate

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

A seller’s market: there were 2.7 months of supply in Mendota, IL 61342 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 Mendota?

The typical home went under contract in 46 days in the latest three months.

Do homes in Mendota sell over asking?

30% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.

What are property taxes in Mendota?

About 2.11% of a home’s value a year in LaSalle County, or roughly $8,440 on a $400,000 home.

What is the median home price in Mendota?

The median sale price was $170,376 in the three months ending August 31, 2026, about $112 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