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MANKATO, MN 56001

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

Market Analysis

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

The MANKATO, MN real estate market (56001) currently shows 124 active listings, with 44 pending sales. Homes are averaging 65 days on the market before going under contract.

Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice.

Homes are selling faster, averaging 65 days on market compared to 70 days last year.

The median listing price has fallen 10.4% year-over-year, from $358,250 to $320,900.

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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Market Context

Market Context

Population: 50,524  ·  Density: 170.3/mi²  ·  Median household income: $65,317

Typical home value: $248,312  ·  Homeownership: 54.0%

Market Overview

Active Listings
124
⇧ 14.8% vs 108 last year
Pending
44
35% pending ratio
Median Price
$320,900
⇩ 10.4% vs $358,250 last year
Average Price
$394,022
⇩ 5.5% vs $416,780 last year
Days on Market
65
⇩ 7.1% vs 70 days last year

Price Per Square Foot

Median $/sqft
$181
⇧ 11% vs $163/sqft last year
Median Home Size
2,271 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 124 this year vs 108 last year
  • Days on market: 65 now vs 70 last year

Median & Average Pricing

Year over Year
  • Median: $320,900 (-10.4% YoY)
  • Average: $394,022 (-5.5% 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 24.6 miles — 191 listings ($73,068,159 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56001Mankato, MN 560010.0 mi107$42,479,535$319,900$397,005
56080Saint Clair, MN 560806.9 mi2$393,300$196,650$196,650
56037Good Thunder, MN 560378.6 mi4$1,379,868$406,900$344,967
56063Madison Lake, MN 560639.9 mi17$7,771,125$393,750$457,125
56055Lake Crystal, MN 5605513.3 mi15$3,924,390$229,900$261,626
56065Mapleton, MN 5606514.0 mi8$1,853,832$149,900$231,729
56028Elysian, MN 5602814.7 mi4$2,978,768$777,175$744,692
56074Nicollet, MN 5607417.3 mi5$1,839,875$381,950$367,975
56010Amboy, MN 5601019.4 mi1$209,900$209,900$209,900
56068Minnesota Lake, MN 5606820.5 mi3$737,100$245,700$245,700
56058Le Sueur, MN 5605821.8 mi18$7,287,516$394,925$404,862
56062Madelia, MN 5606222.5 mi5$1,374,500$309,900$274,900
56052Kilkenny, MN 5605224.6 mi2$838,450$419,225$419,225

Frequently Asked Questions

How many homes are for sale in MANKATO, MN 56001?

As of March 2026, there are 124 active listings in MANKATO, MN (zip code 56001), compared to 108 the prior year.

What is the median home price in MANKATO, MN 56001?

The median listing price in MANKATO, MN 56001 is $320,900 as of March 2026, a 10.4% decrease from $358,250 the prior year.

How long do homes stay on the market in MANKATO, MN?

Homes in MANKATO, MN 56001 spend an average of 65 days on the market before going under contract, compared to 70 days the prior year.

Is it a seller's or buyer's market in MANKATO, MN 56001?

Based on current inventory and days-on-market data as of March 2026, MANKATO, MN 56001 is currently a Balanced Market. Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice. Homes are selling faster, averaging 65 days on market compared to 70 days last year.

How much can I save on real estate commission in MANKATO, MN?

With SELL123.com's maximum 3% commission, sellers in MANKATO, MN 56001 save an estimated $6,418 compared to a typical 5% commission on the median listing price of $320,900. 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.