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MENTONE, IN 46539

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The MENTONE, IN real estate market (46539) currently shows 1 active listings. Homes are averaging 137 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 137 days on market compared to 35 days last year.

The median listing price has risen 194.6% year-over-year, from $199,900 to $588,888.

Whether you are buying or selling in MENTONE, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 2,502  ·  Density: 27.7/mi²  ·  Median household income: $72,450

Typical home value: $132,371  ·  Homeownership: 79.9%

Market Overview

Active Listings
1
⇩ 80% vs 5 last year
Pending
0
0% pending ratio
Median Price
$588,888
⇧ 194.6% vs $199,900 last year
Average Price
$588,888
⇧ 132.1% vs $253,725 last year
Days on Market
137
⇧ 291.4% vs 35 days last year

Price Per Square Foot

Median $/sqft
$517
⇧ 146.2% vs $210/sqft last year
Median Home Size
1,140 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 1 this year vs 5 last year
  • Days on market: 137 now vs 35 last year

Median & Average Pricing

Year over Year
  • Median: $588,888 (+194.6% YoY)
  • Average: $588,888 (+132.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.9 miles — 157 listings ($59,921,399 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46539Mentone, IN 465390.0 mi1$588,888$588,888$588,888
46910Akron, IN 469108.4 mi4$692,500$177,125$173,125
46580Warsaw, IN 465808.5 mi62$21,866,532$339,675$352,686
46504Bourbon, IN 4650410.3 mi6$1,128,000$189,500$188,000
46590Winona Lake, IN 4659011.8 mi8$3,710,280$429,683$463,785
46501Argos, IN 4650112.3 mi9$4,430,772$486,950$492,308
46538Leesburg, IN 4653815.2 mi13$6,384,365$440,500$491,105
46974Roann, IN 4697415.8 mi2$665,000$332,500$332,500
46542Milford, IN 4654217.5 mi13$4,303,065$322,150$331,005
46550Nappanee, IN 4655019.5 mi18$5,642,172$295,000$313,454
46931Fulton, IN 4693119.6 mi1$84,500$84,500$84,500
46555North Webster, IN 4655520.8 mi7$4,662,399$444,500$666,057
46506Bremen, IN 4650621.9 mi13$5,762,926$327,500$443,302

Frequently Asked Questions

How many homes are for sale in MENTONE, IN 46539?

As of March 2026, there are 1 active listings in MENTONE, IN (zip code 46539), compared to 5 the prior year.

What is the median home price in MENTONE, IN 46539?

The median listing price in MENTONE, IN 46539 is $588,888 as of March 2026, a 194.6% increase from $199,900 the prior year.

How long do homes stay on the market in MENTONE, IN?

Homes in MENTONE, IN 46539 spend an average of 137 days on the market before going under contract, compared to 35 days the prior year.

Is it a seller's or buyer's market in MENTONE, IN 46539?

Based on current inventory and days-on-market data as of March 2026, MENTONE, IN 46539 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 137 days on market compared to 35 days last year.

How much can I save on real estate commission in MENTONE, IN?

With SELL123.com's maximum 3% commission, sellers in MENTONE, IN 46539 save an estimated $11,778 compared to a typical 5% commission on the median listing price of $588,888. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.