Mankato, MN
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's accelerated Mankato market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Mankato, MN.
The Mankato metropolitan housing market is registering an Accelerated condition, indicated by a pending ratio of 0.68. This metric suggests demand is outpacing current supply, despite a substantial year-over-year increase in active listings.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
Job Market
Unemployment rate · Jul 2026
Shows whether local employment conditions are supporting buyer demand.
U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).
Population & Migration
Resident population · Jan 2025
Shows whether the area is gaining or losing potential housing demand.
U.S. Census Bureau via FRED (St. Louis Fed).
Future Housing Supply
Data not yet available.
Shows whether future inventory pressure may increase.
What's moving the Mankato market right now.
Active listings have expanded considerably, up 50.2% over the past year, while new listings have contracted by 12.9% year-over-year. The median listing price has remained stable year-over-year at $349,900, though it saw a 1.0% month-over-month decline. Median days on market have edged up 5.1% over the past year, reaching 52 days, and the share of listings with price reductions stands at 22.5%.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
With a pending ratio of 0.68, the pace of absorption suggests that properties are moving efficiently through the market pipeline. This level of demand relative to available inventory implies some pressure on buyers to act with conviction, limiting opportunities for extended price negotiation. Sellers are experiencing relatively strong demand absorption.
At the higher price tiers, the current average listing price is down 5.4% year-over-year, contrasting with a stable median listing price. This divergence, alongside a median $/sqft increase of 3.0% year-over-year, indicates a potential moderation in pricing for the most expensive properties within the highest-priced segments of the market.
314 active listings represent the current floor, with new supply arriving at roughly 108 per month.
of active listings carry a price reduction, +2.0% from prior period.
Median price per square foot has moved +3.0% year-over-year.
Pending-to-active ratio — Accelerated.
Recommended For This Market
AcceleratedSelling in Mankato, MN? Inventory is up 50% from last year.
Demand in Mankato, MN is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.
- Buyer Demand Index
- 68%
- Median Days on Market
- 52 days
- Inventory YoY
- +50%
Demand is strong in Mankato, MN. Check your Sold Score before you price — conditions this favorable don't hold forever.
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Metro Demographics
ZIPs in Mankato, MN
56001
mankato
$335K
163 active · 59 DOM
56007
albert lea
$250K
97 active · 57 DOM
56031
fairmont
$235K
61 active · 60 DOM
56003
mankato
$390K
45 active · 45 DOM
56011
belle plaine
$379K
44 active · 65 DOM
56071
new prague
$500K
41 active · 51 DOM
56082
saint peter
$360K
34 active · 51 DOM
56073
new ulm
$270K
34 active · 57 DOM
56069
montgomery
$369K
30 active · 51 DOM
56058
le sueur
$325K
28 active · 72 DOM
56063
madison lake
$481K
28 active · 61 DOM
56093
waseca
$275K
23 active · 55 DOM
56096
waterville
$344K
20 active · 52 DOM
56081
saint james
$175K
19 active · 80 DOM
56028
elysian
$400K
14 active · 55 DOM
56055
lake crystal
$335K
14 active · 40 DOM
56062
madelia
$289K
13 active · 56 DOM
56085
sleepy eye
$218K
13 active · 43 DOM
Sorted by active inventory · click a ZIP for its full report