Is Mendon, IL 62351 a buyer’s or seller’s market?
Mendon is a buyer’s market. With about 7.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Mendon housing market right now
In the three months ending August 31, 2026, 33% of homes in Mendon, IL 62351 sold above their list price, the typical home went under contract in 84 days and there were 7.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. 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 rose from 13%, homes sold more slowly (67 days then) and the median sale price fell 29% to $124,946. Overall, Mendon is more competitive than a year ago, so tougher for buyers.
Within Adams County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 91%.
Nearby, buyers who want less competition could look at Loraine 62349 (0% sold over asking) or Liberty 62347 (0% sold over asking).
Run the numbers for 62351
Nearby markets
Camp Point 62320Seller’s market $138 /sq ftClayton 62324Buyer’s market $57 /sq ftCoatsburg 62325 $102 /sq ftFowler 62338Balanced $112 /sq ft Browse all markets →Towns like Mendon nearby
Find towns like Mendon in other states →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 7.5 months of supply in Mendon, IL 62351 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 Mendon?
The typical home went under contract in 84 days in the latest three months.
Do homes in Mendon sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 98.0% of the list price.
What are property taxes in Mendon?
About 1.58% of a home’s value a year in Adams County, or roughly $6,320 on a $400,000 home.
What is the median home price in Mendon?
The median sale price was $124,946 in the three months ending August 31, 2026, about $48 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