4 days on Rocket
#6756846, Listing office: BorgsHomes LLC
North Mankato Housing Market Report June 2025•Nicollet County, Minnesota
Housing Prices in North Mankato, MN
How much do homes in North Mankato, MN cost?
Housing Market Conditions
Is North Mankato, MN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
North Mankato is a Seller's Market
Difference Since June 2024
Since last year, North Mankato has remained a Seller's Market.
Insight
North Mankato is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$325,000$156/SqFt
+$30,000
+10.2%
Based on all homes sold in the last 12 months
Insight
Homes in North Mankato have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in North Mankato was $325,000 in June 2025, up 10.2% from last year, and the median price per square foot was $156.
Median Sold Price By Cities
| City | Jun 2024 | Jun 2025 | Change YoY |
|---|---|---|---|
| North Mankato | $295K | $325K | +10.2% |
| Mankato | $288K | $292K | +1.4% |
Median Sold Price By Bedrooms
| Beds | Jun 2024 | Jun 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $165K | N/A |
| 22 Bedrooms | $262.9K | $295K | +12.2% |
| 33 Bedrooms | $297.5K | $265K | -10.9% |
| 44 Bedrooms | $295K | $342.7K | +16.2% |
| 55+ Bedrooms | $436K | $560K | +28.4% |
Summary: North Mankato housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +12.2%. The home price for 3 bedroom homes decreased by -10.9%. The home price for 4 bedroom homes increased by +16.2%. The home price for 5 bedroom homes increased by +28.4%.
How does North Mankato, MN compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
North Mankato, MN
Housing supply in North Mankato, MN
How many homes are available in North Mankato, MN?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 38Last MonthJun 2025 | ||
| 422 months agoMay 2025 | -9.5 % Change MoMMay – Jun |
Summary: The North Mankato real estate market had 38 homes for sale in Jun 2025, a 9.5 % decrease compared to May 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 12Last MonthJun 2025 | ||
| 122 months agoMay 2025 | 0.0 % Change MoMMay – Jun |
Homes For Sale By Bedroom Count
| Beds | May 2025 | Jun 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 4 | 4 | 0.0% |
| 33 Bedrooms | 16 | 13 | -18.8% |
| 44 Bedrooms | 15 | 12 | -20.0% |
| 55+ Bedrooms | 7 | 9 | +28.6% |
Summary: North Mankato housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -18.8%. The inventory for 4 bedroom homes decreased by -20.0%. The inventory for 5 bedroom homes increased by +28.6%.
Asking Price vs. Sold Price
How much do homes in North Mankato, MN cost?
Over Asking Price7 Homes
At Asking Price3 Homes
Under Asking Price2 Homes
Insight
If you're buying a home in North Mankato, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in North Mankato in June 2025, the same as the previous month. Of the 12 sold homes, 17% were sold under asking, 25% were sold at asking, and and 58% were sold over asking.
Days on Market for North Mankato, MN
How long does it take to sell a home in North Mankato, MN?
Breakdown of Home Sale Times
Under 30 Days10 Homes
30 – 90 Days0 Home
Over 90 Days2 Homes
Insight
Many homes in North Mankato are selling fast, if you're buying plan to act quickly.
Summary: During June 2025, 12 homes were sold in North Mankato; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 36 DaysThis YearJun 2025 | ||
| 38 Days1 year agoJun 2024 | -6.9 % Change YoYJun 2024 – Jun 2025 |
Summary: Homes in North Mankato had an average listing age of 36 days in Jun 2025, down by 6.9% compared to the previous year.
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Newest Listings in North Mankato, MN
What homes are available in North Mankato, MN?
4 days on Rocket
#6756022, Listing office: Home Run Realty
6 days on Rocket
#6754903, Listing office: American Way Realty
#6753771, Listing office: Century 21 Atwood
Tour
#6751419, Listing office: True Real Estate
Tour
#6748180, Listing office: True Real Estate
#6748976, Listing office: True Real Estate
#6746441, Listing office: RE/MAX Dynamic Agents
#6746070, Listing office: RE/MAX Advantage Plus
#6744089, Listing office: True Real Estate
#6741883, Listing office: Real Broker, LLC
#6742191, Listing office: True Real Estate
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Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., for the period 07/01/2023 - 07/01/2025
Copyright © 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. By searching, you agree to the EULA Terms Agreement.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
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Last updated on: 7/21/2025, 1:37:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.