$10,000 Closing Credit*
$999,950
3,924 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: NuStar Realty
Is Mankato Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Mankato Township has remained a Seller's Market.
Key Takeaway
Mankato Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mankato Township, MN
How much do homes in Mankato Township, MN cost?
Median Sold Price
$305,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,750(+4.7%)
Key Takeaway
Homes in Mankato Township have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Mankato Township was $305,000 in November 2024, up 4.7% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $162.5K | +25.0% |
| 2 Bedrooms | $239K | $229K | -4.2% |
| 3 Bedrooms | $260K | $257K | -1.2% |
| 4 Bedrooms | $319.9K | $356K | +11.3% |
| 5+ Bedrooms | $399.9K | $474.9K | +18.8% |
Summary: Mankato Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 18.8%.
Median Sold Price Compared To Nearby Cities
| Mankato | $290K | $305K | +5.2% |
| Mankato Township | $291.2K | $305K | +4.7% |
Housing Supply in Mankato Township, MN
How many homes are available in Mankato Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 93 | -1.1% |
Summary: The Mankato Township real estate market had 93 homes for sale in November 2024, a 1.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 44 | 47 | +6.8% |
| 4 Bedrooms | 29 | 28 | -3.4% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Mankato Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mankato Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Mankato Township in November 2024, down by 14.3% month-over-month. Of the 18 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Mankato Township, MN
How long does it take to sell a home in Mankato Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 29 Days | +7.4% |
Summary: Homes in Mankato Township had an average of 29 days on market in Nov 2024, up by 7.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mankato Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in Mankato Township; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
