Population: 50,524 · Density: 170.3/mi² · Median household income: $65,317
Typical home value: $248,312 · Homeownership: 54.0%
Data as of January 2026. Source: Realtor.com.
The MANKATO, MN real estate market (56001) currently shows 108 active listings, with 34 pending sales. Homes are averaging 85 days on the market before going under contract.
Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 85 days on market compared to 79 days last year.
The median listing price has fallen 8.6% year-over-year, from $349,925 to $319,900.
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 56001 | Mankato, MN 56001 | 0.0 mi | 108 | $42,899,976 | $319,900 | $397,222 |
| 56080 | Saint Clair, MN 56080 | 6.9 mi | 2 | $454,800 | $227,400 | $227,400 |
| 56037 | Good Thunder, MN 56037 | 8.6 mi | 4 | $1,272,900 | $316,950 | $318,225 |
| 56063 | Madison Lake, MN 56063 | 9.9 mi | 16 | $7,140,656 | $286,950 | $446,291 |
| 56055 | Lake Crystal, MN 56055 | 13.3 mi | 17 | $4,326,194 | $219,900 | $254,482 |
| 56065 | Mapleton, MN 56065 | 14.0 mi | 8 | $2,130,488 | $199,900 | $266,311 |
| 56028 | Elysian, MN 56028 | 14.7 mi | 3 | $1,739,700 | $579,900 | $579,900 |
| 56074 | Nicollet, MN 56074 | 17.3 mi | 5 | $1,839,875 | $381,950 | $367,975 |
| 56010 | Amboy, MN 56010 | 19.4 mi | 1 | $209,900 | $209,900 | $209,900 |
| 56096 | Waterville, MN 56096 | 20.2 mi | 13 | $4,285,099 | $267,450 | $329,623 |
| 56091 | Waldorf, MN 56091 | 20.6 mi | 2 | $298,000 | $149,000 | $149,000 |
| 56057 | Le Center, MN 56057 | 22.2 mi | 7 | $2,216,431 | $302,450 | $316,633 |
| 56093 | Waseca, MN 56093 | 23.4 mi | 23 | $5,717,271 | $219,900 | $248,577 |
As of January 2026, there are 108 active listings in MANKATO, MN (zip code 56001), compared to 116 the prior year.
The median listing price in MANKATO, MN 56001 is $319,900 as of January 2026, a 8.6% decrease from $349,925 the prior year.
Homes in MANKATO, MN 56001 spend an average of 85 days on the market before going under contract, compared to 79 days the prior year.
Based on current inventory and days-on-market data as of January 2026, MANKATO, MN 56001 is currently a Balanced Market. Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 85 days on market compared to 79 days last year.
With SELL123.com's maximum 3% commission, sellers in MANKATO, MN 56001 save an estimated $6,398 compared to a typical 5% commission on the median listing price of $319,900. 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.