Data as of September 2026. Source: Realtor.com.
The MANKATO, MN real estate market (56003) currently shows 63 active listings, with 20 pending sales. Homes are averaging 51 days on the market before going under contract.
Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.
Homes are selling faster, averaging 51 days on market compared to 67 days last year.
The median listing price has fallen 3.6% year-over-year, from $394,125 to $379,800.
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 September 2026, there are 63 active listings in MANKATO, MN (zip code 56003), compared to 61 the prior year.
The median listing price in MANKATO, MN 56003 is $379,800 as of September 2026, a 3.6% decrease from $394,125 the prior year.
Homes in MANKATO, MN 56003 spend an average of 51 days on the market before going under contract, compared to 67 days the prior year.
Based on current inventory and days-on-market data as of September 2026, MANKATO, MN 56003 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 51 days on market compared to 67 days last year.
With SELL123.com's maximum 3% commission, sellers in MANKATO, MN 56003 save an estimated $7,596 compared to a typical 5% commission on the median listing price of $379,800. 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.