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City / Town Overview

Mankato, MN

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

Market Analysis

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

The Mankato, MN real estate market currently shows 171 active listings, with 67 pending sales. Homes are averaging 54.6 days on the market before going under contract.

Inventory has increased compared to last year, with 20 more homes available — giving buyers more choice.

Homes are selling faster, averaging 54.6 days on market compared to 78.5 days last year.

The median listing price has fallen 12.5% year-over-year, from $386,485 to $338,137.

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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Market Context

Market Context

Population: 65,884  ·  Density: 162.0/mi²  ·  Median household income: $68,108

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

Included Areas

Mankato: 56001, 56002, 56003

Area Map

Market Overview

Active Listings
171
⇧ 13.2% vs 151 last year
Pending
67
39% pending ratio
Median Price
$338,137
⇩ 12.5% vs $386,485 last year
Average Price
$401,081
⇩ 7.9% vs $435,679 last year
Days on Market
54.6
⇩ 30.4% vs 79 days last year

Price Per Square Foot

Median $/sqft
$176
⇧ 10.2% vs $159/sqft last year
Median Home Size
2,300 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

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