Is North Mankato, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, North Mankato was a Seller's Market.
Housing Prices in North Mankato, MN
How much do homes in North Mankato, MN cost?
Median Sold Price
$293,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in North Mankato was $293,000 in March 2024, down 5.5% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $260K | $229K | -11.9% |
3 Bedrooms | $237K | $265K | +11.8% |
4 Bedrooms | $327.4K | $319K | -2.6% |
5+ Bedrooms | $485K | $345K | -28.9% |
Summary: North Mankato housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.9%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 28.9%.
Median Sold Price Compared To Nearby Cities
North Mankato | $309.9K | $293K | -5.5% |
Mankato | $303.5K | $275K | -9.4% |
Housing Supply in North Mankato, MN
How many homes are available in North Mankato, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 21 | +61.5% |
Summary: The North Mankato real estate market had 21 homes for sale in March 2024, a 61.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 6 | 8 | +33.3% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The North Mankato housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in North Mankato in March 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 79 Days | +105.2% |
Summary: Homes in North Mankato had an average of 79 days on market in Mar 2024, up by 105.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in North Mankato; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.