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Mankato, MN 56001 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Mankato, MN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.03
ActiveActive listings: 6868PendingPending sales: 22
Mankato, MN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $342k$342kSoldMedian sold price (last 6 months): $301k$301k
What homes actually sell for in Mankato, MN
Distribution of 281 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $226k to $388k
$115k to $179k: 19 sales$115k$179k to $242k: 47 sales$242k to $306k: 64 sales64sales$242k$306k to $370k: 56 sales$370k to $434k: 33 sales$370k$434k to $498k: 16 sales$498k to $561k: 7 sales$498k$561k to $625k: 10 salesMedian $301k

What the numbers say

As of October 26, 2026, Resideline is tracking 68 active listings and 2 pending sales in ZIP code 56001. That pending-to-active ratio of 0.03 makes it a slower-moving market: listings are going under contract more slowly than in most ZIP codes Resideline tracks, which usually gives buyers more room to negotiate.

The median asking price of current listings is $342,350, while the median of the 281 closed sales Resideline tracked over the last six months was $301,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 56001 for 91 days.

Frequently asked questions

What is the median home price in 56001?

The median closed sale price in Mankato, MN 56001 was $301,000 over the last six months, based on 281 closed sales tracked by Resideline. The middle half of those sales ranged from $225,950 to $387,500.

Is 56001 a buyer's or seller's market?

Resideline is currently tracking 2 pending sales against 68 active listings in 56001, a pending-to-active ratio of 0.03. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 56001 is currently a slower-moving market.

Nearby ZIP code market data

Full Mankato, MN housing market report →

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