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JANESVILLE, MN 56048

Real Estate Market Report  ·  Waseca County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The JANESVILLE, MN real estate market (56048) currently shows 9 active listings, with 4 pending sales. Homes are averaging 54 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 taking longer to sell, averaging 54 days on market compared to 16 days last year.

The median listing price has fallen 1.6% year-over-year, from $309,950 to $305,000.

Whether you are buying or selling in JANESVILLE, 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: 4,267  ·  Density: 13.5/mi²  ·  Median household income: $80,688

Typical home value: $200,204  ·  Homeownership: 87.0%

Market Overview

Active Listings
9
⇧ 28.6% vs 7 last year
Pending
4
44% pending ratio
Median Price
$305,000
⇩ 1.6% vs $309,950 last year
Average Price
$352,503
⇧ 13.7% vs $309,950 last year
Days on Market
54
⇧ 237.5% vs 16 days last year

Price Per Square Foot

Median $/sqft
$144
⇩ 26.9% vs $197/sqft last year
Median Home Size
2,288 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 7 last year
  • Days on market: 54 now vs 16 last year

Median & Average Pricing

Year over Year
  • Median: $305,000 (-1.6% YoY)
  • Average: $352,503 (+13.7% 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 23.9 miles — 118 listings ($42,177,754 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56048Janesville, MN 560480.0 mi7$2,631,356$321,975$375,908
56080Saint Clair, MN 560807.1 mi2$393,300$196,650$196,650
56028Elysian, MN 560289.0 mi4$2,978,768$777,175$744,692
56093Waseca, MN 5609310.1 mi27$7,458,804$309,625$276,252
56091Waldorf, MN 5609112.3 mi1$149,000$149,000$149,000
56065Mapleton, MN 5606515.0 mi8$1,853,832$149,900$231,729
56050Kasota, MN 5605016.2 mi5$2,024,500$384,900$404,900
55052Morristown, MN 5505216.7 mi6$2,768,148$489,950$461,358
56037Good Thunder, MN 5603717.3 mi4$1,379,868$406,900$344,967
56003Mankato, MN 5600320.2 mi31$12,272,714$344,925$395,894
56042Hartland, MN 5604223.2 mi1$252,450$252,450$252,450
56082Saint Peter, MN 5608223.7 mi21$7,695,114$365,450$366,434
56046Hope, MN 5604623.9 mi1$319,900$319,900$319,900

Frequently Asked Questions

How many homes are for sale in JANESVILLE, MN 56048?

As of March 2026, there are 9 active listings in JANESVILLE, MN (zip code 56048), compared to 7 the prior year.

What is the median home price in JANESVILLE, MN 56048?

The median listing price in JANESVILLE, MN 56048 is $305,000 as of March 2026, a 1.6% decrease from $309,950 the prior year.

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

Homes in JANESVILLE, MN 56048 spend an average of 54 days on the market before going under contract, compared to 16 days the prior year.

Is it a seller's or buyer's market in JANESVILLE, MN 56048?

Based on current inventory and days-on-market data as of March 2026, JANESVILLE, MN 56048 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 54 days on market compared to 16 days last year.

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

With SELL123.com's maximum 3% commission, sellers in JANESVILLE, MN 56048 save an estimated $6,100 compared to a typical 5% commission on the median listing price of $305,000. 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.