Cheap Homes for Sale in Mankato, MN

72 Homes for Sale

Sort by:Newest Listings

Don't miss out on new listings — and get instant email alerts!

Do Real Estate on the Go!

Find your dream home, receive real-time updates, and many more!

OPEN APP

Mankato, MN Housing Market Overview

Mankato is a balanced market, giving buyers and sellers room to negotiate. With 2.4 months of supply and homes averaging 56 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

56

Inventory

72

Aug 2021May 2024Jul 2026

Median Home Price

$322,500Up 7.54%

In Jul 2026 · YoY

Aug 2021May 2024Jul 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
72 Up 66.67%
Newly Listed Homes
26 Down 13.33%
Months of Supply
2.4 Up 93.69%

Housing Demand

Homes Sold
37 Down 13.95%
Sale-to-List Ratio
97.9% Down 2.25%
Homes Sold Above List
19.2% Down 54.15%

30-yr fixed rate 6.23% · Data as of Jul 2026 · Source: Houzeo Research.

View Full Mankato Market Report
No. of Homes
Prices
Days on Market
Homes for Sale Minneapolis
3,761
$375,000
44
Homes for Sale Ramsey
2,037
$403,900
-
Homes for Sale Anoka
1,507
$382,500
-
Homes for Sale Rochester
956
$384,995
54
Homes for Sale Brooklyn Park
231
$360,162
47
Homes for Sale Wyoming
49
$440,800
-
Homes for Sale Virginia
18
$464,200
-
  • mls-img
    Based on information submitted to the MLS GRID from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC through Sep 23, 2026, 12:31 AM. IDX information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    Information deemed reliable but not guaranteed. The property data presented reflects information otherwise available from public records. The real estate broker participating in MLS and providing this information may not have represented the buyer or seller in some or all of the transactions. Listings courtesy of Northstar MLS as distributed by MLS GRID. © 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Click to see all homes
static map image
Satellite
Mankato, MN Housing Marketlink qauare
Homes Available icon

72

Homes Available

Median List Price icon

$ 322,500

Median List Price

Avg on Market icon

56 Days

Avg on Market

Close IconHouzeo

Do Real Estate on the Go!

OPEN APP
For Sale
Price
Beds & Baths
Home Type (5)
Filters
Save Search Share