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 cooling 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 housing market is demonstrating cooling trends, with a pending ratio of 0.41 indicating moderating demand relative to available inventory. Active listings have expanded significantly, increasing by 50.2% over the past year.
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 · Sep 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.
Inventory levels have seen substantial growth, with active listings up 50.2% year-over-year. Despite a 5.8% increase in new listings, the pending ratio declined by 23.4% year-over-year, suggesting a deceleration in the pace of demand absorption. Median listing prices have experienced a slight contraction, down 0.8% over the past year, while median days on market extended to 56, an increase of 10.3% year-over-year.
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 the pending ratio at 0.41 and a substantial year-over-year increase in active inventory, the market suggests an environment where buyers may encounter more selection and less urgency. The notable increase in days on market and the rising share of price reductions imply that price discipline will be increasingly important for sellers to attract interest.
Average listing prices declined by 6.1% year-over-year, outpacing the 0.8% decrease in median listing prices. This divergence, coupled with a 2.6% increase in median $/sqft, indicates a possible softening in the higher-price tiers relative to the broader market average.
325 active listings represent the current floor, with new supply arriving at roughly 110 per month.
of active listings carry a price reduction, +6.8% from prior period.
Median price per square foot has moved +2.6% year-over-year.
Pending-to-active ratio — Cooling.
Recommended For This Market
CoolingSelling in Mankato, MN? Homes here are taking 5 days longer to sell than last year.
Mankato, MN is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.
- Buyer Demand Index
- 41%
- Median Days on Market
- 56 days
- Inventory YoY
- +50%
Mankato, MN is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.
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Metro Demographics
ZIPs in Mankato, MN
56001
mankato
$341K
161 active · 62 DOM
56007
albert lea
$255K
88 active · 69 DOM
56031
fairmont
$235K
52 active · 66 DOM
56073
new ulm
$252K
44 active · 45 DOM
56003
mankato
$380K
44 active · 51 DOM
56071
new prague
$475K
41 active · 51 DOM
56011
belle plaine
$380K
40 active · 93 DOM
56082
saint peter
$350K
36 active · 48 DOM
56058
le sueur
$292K
36 active · 61 DOM
56069
montgomery
$366K
36 active · 54 DOM
56093
waseca
$262K
26 active · 55 DOM
56063
madison lake
$432K
26 active · 58 DOM
56096
waterville
$327K
18 active · 44 DOM
56055
lake crystal
$345K
17 active · 53 DOM
56081
saint james
$170K
16 active · 71 DOM
56013
blue earth
$168K
14 active · 78 DOM
56065
mapleton
$222K
14 active · 56 DOM
56057
le center
$390K
12 active · 42 DOM
Sorted by active inventory · click a ZIP for its full report