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City / Town Overview

Mankato, MN

Aggregate real estate market report across all ZIPs in scope
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
135
⇩ 14% vs 157 last year
Pending
45
33% pending ratio
Median Price
$327,900
⇩ 9.6% vs $362,715 last year
Average Price
$403,778
⇩ 2.1% vs $412,631 last year
Days on Market
86
⇧ 4.8% vs 82 days last year

Market Analysis

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

The Mankato, MN real estate market currently shows 135 active listings, with 45 pending sales. Homes are averaging 86 days on the market before going under contract.

Inventory has tightened compared to last year, with 22 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 86 days on market compared to 82.1 days last year.

The median listing price has fallen 9.6% year-over-year, from $362,715 to $327,900.

Whether you are buying or selling in Mankato, MN, 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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Included Areas

Mankato: 56001, 56002, 56003

Market Context

ZIP coverage: 3  ·  Population: 65,884  ·  Median household income: $68,108

Typical home value: $246,727  ·  Homeownership rate: 59.2%

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings