Data as of June 2026. Source: Realtor.com.
The MANKATO, MN real estate market (56003) currently shows 77 active listings, with 37 pending sales. Homes are averaging 31 days on the market before going under contract.
Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.
Homes are selling faster, averaging 31 days on market compared to 45 days last year.
The median listing price has fallen 9.2% year-over-year, from $438,050 to $397,850.
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.
Population: 15,360 · Density: 134.8/mi² · Median household income: $77,290
Typical home value: $241,513 · Homeownership: 76.5%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 56003 | Mankato, MN 56003 | 0.0 mi | 31 | $12,272,714 | $344,925 | $395,894 |
| 56001 | Mankato, MN 56001 | 7.8 mi | 107 | $42,479,535 | $319,900 | $397,005 |
| 56055 | Lake Crystal, MN 56055 | 9.8 mi | 15 | $3,924,390 | $229,900 | $261,626 |
| 56024 | Eagle Lake, MN 56024 | 12.9 mi | 8 | $3,311,304 | $374,900 | $413,913 |
| 56037 | Good Thunder, MN 56037 | 13.7 mi | 4 | $1,379,868 | $406,900 | $344,967 |
| 56017 | Cleveland, MN 56017 | 14.8 mi | 8 | $4,661,232 | $609,900 | $582,654 |
| 56028 | Elysian, MN 56028 | 18.7 mi | 4 | $2,978,768 | $777,175 | $744,692 |
| 56062 | Madelia, MN 56062 | 19.8 mi | 5 | $1,374,500 | $309,900 | $274,900 |
| 56048 | Janesville, MN 56048 | 20.2 mi | 7 | $2,631,356 | $321,975 | $375,908 |
| 56065 | Mapleton, MN 56065 | 21.1 mi | 8 | $1,853,832 | $149,900 | $231,729 |
| 56057 | Le Center, MN 56057 | 22.1 mi | 5 | $1,907,875 | $327,450 | $381,575 |
| 55334 | Gaylord, MN 55334 | 23.1 mi | 6 | $1,392,000 | $232,000 | $232,000 |
| 56044 | Henderson, MN 56044 | 25.3 mi | 2 | $888,000 | $444,000 | $444,000 |
As of June 2026, there are 77 active listings in MANKATO, MN (zip code 56003), compared to 70 the prior year.
The median listing price in MANKATO, MN 56003 is $397,850 as of June 2026, a 9.2% decrease from $438,050 the prior year.
Homes in MANKATO, MN 56003 spend an average of 31 days on the market before going under contract, compared to 45 days the prior year.
Based on current inventory and days-on-market data as of June 2026, MANKATO, MN 56003 is currently a Balanced Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are selling faster, averaging 31 days on market compared to 45 days last year.
With SELL123.com's maximum 3% commission, sellers in MANKATO, MN 56003 save an estimated $7,957 compared to a typical 5% commission on the median listing price of $397,850. 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.