Photo: Bobak Ha'Eri · CC BY 3.0432 homes sold in Mankato in the last year, at a typical $292K
Almost every sale is a house. Below: what each kind of home sells for, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Mankato homes are listed.
Every place Mankato homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Mankato.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 0% of Mankato’s sales, at a typical — (year to May 2026)
432 homes sold in the year to September 2026.
Fewer homes sell than before 2021, at 1.7 times the 2016 price
432 sales in the last year, against 601 in 2020 and a low of 389 in 2012. The typical sale went from $177K in 2016 to $292K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
Bidding wars in Mankato are rarer than before the pandemic, but 16% fewer homes come up for sale
We read every month of Mankato’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 432 sales.
If you’re buying in Mankato
- Shop in May. It brings about 58 new listings a month, close to the busiest month, with fewer bidding wars (31% over asking).
- Bid near asking. Buyers paid 98.7% of the list price on average; 23% paid over.
- You’ll usually have time. Only 42% of homes go under contract within two weeks; the typical one takes 30 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 62 a month), but July is the most competitive: 37% of July sales close over asking. February has the least competition (24%) but only about 25 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Minnesota
| Mankato now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 23% | 28% | 50% | 29% |
| Gone within two weeksShare of homes under contract within 14 days | 42% | 3% | 9% | 40% |
| Price paid vs. askingAverage sale price ÷ list price | 98.7% | 98.4% | 101.1% | 99% |
| Days to sellMedian days from listing to contract | 30 | 66 | 50 | 38 |
115 homes for sale on a typical day
That’s 1.4 times the 2024 low (80), 16% fewer than in 2017–19 and well under 2012’s 234.
Mankato ranks 136th of 165 busy Minnesota markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Mankato is one of the state’s calmer markets.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Mankato home costs about $1,761 a month
Price: Mankato’s typical sale, last 12 months. Property tax at Mankato’s 1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Mankato is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. January has the fewest, about 24.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $292K home, about $2,850 a year.
Taxes vs. neighborsSchools
The schools grade for Mankato, from test results, graduation and how much students grow.
Schools in MankatoCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
North Mankato, St. Peter, Lake Crystal and Janesville sell for less a square foot
The busier markets within 25 miles of Mankato, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Mankato | 432 | $292K | $160 | 23% | 30 |
| North Mankato | 188 | $317K | $154 | 22% | 36 |
| St. Peter | 104 | $294K | $154 | 24% | 33 |
| Eagle Lake | 39 | $338K | $175 | 24% | 31 |
| Lake Crystal | 36 | $230K | $134 | 27% | 28 |
| Madison Lake | 32 | $329K | $181 | 24% | 58 |
| Janesville | 32 | $284K | $155 | 27% | 26 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Mankato, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Mankato. People who follow the town see it, and so do people comparing Mankato with their own town. No commission, no listing fee.
Questions about buying a home in Mankato
What do homes sell for in Mankato, MN?
432 homes sold in the year to September 2026 at a typical $292K, $160 a square foot.
Is Mankato a buyer’s or seller’s market?
A balanced market: 161 homes were for sale in September 2026 and 39 sold, about 4.1 months of supply. Buyers paid 98.7% of asking on average.
When is the best time to buy in Mankato?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Mankato?
About 1% of a home’s value a year. On a $292K home that’s near $2,850.
Where can I see homes for sale in Mankato?
Zillow, Redfin, Realtor.com and Homes.com all carry Mankato’s MLS listings; the search links above open each one filtered to Mankato.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).