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City / Town Overview

Mankato, MN

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The Mankato, MN real estate market currently shows 282 active listings, with 90 pending sales. Homes are averaging 59.5 days on the market before going under contract.

Inventory has increased compared to last year, with 67 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 59.5 days on market compared to 52 days last year.

The median listing price has fallen 6.3% year-over-year, from $373,192 to $349,785.

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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
282
⇧ 31.2% vs 215 last year
Pending
90
32% pending ratio
Median Price
$349,785
⇩ 6.3% vs $373,192 last year
Average Price
$394,687
⇩ 4.7% vs $414,284 last year
Days on Market
59.5
⇧ 14.4% vs 52 days last year

Price Per Square Foot

Median $/sqft
$160
⇧ 0.2% vs $159/sqft last year
Median Home Size
2,377 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 %