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Mankato, MN 56001 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Mankato, MN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.11
ActiveActive listings: 7272PendingPending sales: 88
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): $345k$345kSoldMedian sold price (last 6 months): $305k$305k
What homes actually sell for in Mankato, MN
Distribution of 275 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $227k to $385k
$130k to $192k: 22 sales$130k$192k to $254k: 53 sales$254k to $316k: 60 sales60sales$254k$316k to $377k: 55 sales$377k to $439k: 29 sales$377k$439k to $501k: 14 sales$501k to $563k: 7 sales$501k$563k to $625k: 8 salesMedian $305k

What the numbers say

As of October 5, 2026, Resideline is tracking 72 active listings and 8 pending sales in ZIP code 56001. That pending-to-active ratio of 0.11 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $344,850, while the median of the 275 closed sales Resideline tracked over the last six months was $305,000. 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 74 days.

Frequently asked questions

What is the median home price in 56001?

The median closed sale price in Mankato, MN 56001 was $305,000 over the last six months, based on 275 closed sales tracked by Resideline. The middle half of those sales ranged from $227,000 to $385,000.

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

Resideline is currently tracking 8 pending sales against 72 active listings in 56001, a pending-to-active ratio of 0.11. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 56001 currently looks like a balanced market.

Nearby ZIP code market data

Full Mankato, MN housing market report →

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