North Mankato Public School · Photo: McGhiever · CC BY-SA 4.0188 homes sold in North Mankato in the last year, at a typical $317K
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 North Mankato homes are listed.
Every place North 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 North 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 North Mankato’s sales, at a typical — (year to May 2026)
188 homes sold in the year to September 2026.
About as many homes sell as usual, at 1.6 times the 2016 price
188 sales in the last year, against 259 in 2020 and a low of 148 in 2023. The typical sale went from $197K in 2016 to $317K.
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 North Mankato are back to pre-pandemic levels, but a quarter fewer homes come up for sale
We read every month of North 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, 188 sales.
If you’re buying in North Mankato
- Shop in April. It brings about 21 new listings a month, close to the busiest month, with fewer bidding wars (31% over asking).
- Bid near asking. Buyers paid 98.8% of the list price on average; 22% paid over.
- You’ll usually have time. Only 42% of homes go under contract within two weeks; the typical one takes 36 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 26 a month), and the most competition: 38% close over asking. April and May offer nearly as much choice with fewer homes bid up (31%). March has the least competition (21%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Minnesota
| North Mankato now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 22% | 26% | 51% | 29% |
| Gone within two weeksShare of homes under contract within 14 days | 42% | 3% | 9% | 40% |
| Price paid vs. askingAverage sale price ÷ list price | 98.8% | 98.6% | 101% | 99% |
| Days to sellMedian days from listing to contract | 36 | 65 | 47 | 38 |
38 homes for sale on a typical day
That’s 1.4 times the 2023 low (27), 25% fewer than in 2017–19 and well under 2012’s 101.
North Mankato ranks 142nd of 165 busy Minnesota markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. North 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 North Mankato home costs about $1,973 a month
Price: North Mankato’s typical sale, last 12 months. Property tax at North Mankato’s 1.2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether North 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 10.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $317K home, about $3,820 a year.
Taxes vs. neighborsSchools
The schools grade for North Mankato, from test results, graduation and how much students grow.
Schools in North MankatoTypical commute
The average one-way trip to work for people who live in North Mankato.
Work & commuteCheck 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.
Lake Crystal sells for less a square foot
The busier markets within 25 miles of North 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 North Mankato, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to North Mankato. People who follow the town see it, and so do people comparing North Mankato with their own town. No commission, no listing fee.
Questions about buying a home in North Mankato
What do homes sell for in North Mankato, MN?
188 homes sold in the year to September 2026 at a typical $317K, $154 a square foot.
Is North Mankato a buyer’s or seller’s market?
A seller’s market: 55 homes were for sale in September 2026 and 20 sold, about 2.7 months of supply. Buyers paid 98.8% of asking on average.
When is the best time to buy in North Mankato?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in North Mankato?
About 1.2% of a home’s value a year. On a $317K home that’s near $3,820.
Where can I see homes for sale in North Mankato?
Zillow, Redfin, Realtor.com and Homes.com all carry North Mankato’s MLS listings; the search links above open each one filtered to North 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).