$831 Closing Credit*
$70,000
1,680 SqFt
4 Beds
•2 Full Baths
Listing Office: True Real Estate
Is North Mankato, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, North Mankato was a Buyer's Market.
Key Takeaway
North Mankato is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Mankato, MN
How much do homes in North Mankato, MN cost?
Median Sold Price
$322,500
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,600(+6.5%)
Key Takeaway
Homes in North Mankato have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in North Mankato was $322,500 in October 2024, up 6.5% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $235.8K | $319K | +35.3% |
| 3 Bedrooms | $239K | $332.5K | +39.1% |
| 4 Bedrooms | $350K | $322K | -8.0% |
| 5+ Bedrooms | $439.9K | $465K | +5.7% |
Summary: North Mankato housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.3%, 3 bedroom homes increased by 39.1%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Mankato | $279K | $305K | +9.3% |
| North Mankato | $302.9K | $322.5K | +6.5% |
Housing Supply in North Mankato, MN
How many homes are available in North Mankato, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 31 | +19.2% |
Summary: The North Mankato real estate market had 31 homes for sale in October 2024, a 19.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The North Mankato housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Mankato, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in North Mankato in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for North Mankato, MN
How long does it take to sell a home in North Mankato, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 26 Days | +153.1% |
Summary: Homes in North Mankato had an average of 26 days on market in Oct 2024, up by 153.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Mankato are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in North Mankato; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
