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Condo Foreclosures in North Mankato, MN

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North Mankato, MN Foreclosures

Current Market Conditions in in North Mankato, MN As of February 2026?
Over the past month, the real estate market in North Mankato has strengthened significantly. Inventory levels have dipped as demand remains high, driving home prices up by approximately 5%. Buyers are increasingly looking to secure homes before the holiday season, contributing to a more competitive market environment. As a result, multiple offers have become common on well-priced homes, further indicating a seller's market.
How much do homes sell for in North Mankato, MN?
The average home price is currently $369,697.
In North Mankato, MN, how many homes are available?
There are currently 1 active home listings available in North Mankato.
What’s the average rental cost in North Mankato, MN?
The average rental price in North Mankato is $1,630.
What is the most expensive home in North Mankato?
The most expensive home sold in North Mankato had a price of $12,145,066.
What is currently the cheapest priced home in North Mankato, MN?
The cheapest home for sale in North Mankato is priced at $28,232.

Living in North Mankato, MN

North Mankato, MN is a charming community that combines small-town living with a variety of amenities. Located near Mankato, it offers access to parks, shopping, and recreational activities. A friendly atmosphere and great schools make it an ideal place for families.

Buyer vs Seller Market in North Mankato, MN

The real estate market in North Mankato is currently thriving, with steady growth in property values and an increasing demand for homes. As more people look to settle in this welcoming community, the inventory of available homes is seeing a slight decrease, leading to competitive bidding scenarios for new listings.

Recent trends suggest that buyers are particularly interested in family-friendly neighborhoods with easy access to amenities and outdoor activities. This trend has contributed to a robust appreciation in home prices over both the short and long term.

Home Value Estimator For North Mankato, MN

There are currently 4,831 real estate properties in North Mankato, MN, with a median automated valuation model (AVM) price of $318,222.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in North Mankato, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in North Mankato, MN, is $369,697.00, with the most expensive house in North Mankato, MN, topping out at $12,145,066.00 and the cheapest home in North Mankato, MN, clocking in at $28,232.00. In other words, there’s something for every potential homebuyer or savvy investor in North Mankato, MN!

Rent Prices In North Mankato, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in North Mankato, MN, is on a rollercoaster ride. The average rent price in North Mankato, MN, is $1,630.00. Indeed, when looking to rent in North Mankato, MN, you can expect to pay as little as $830.00 or as much as $3,840.00, with the average rent median estimated to be $1,590.00. The good news is that finding an affordable and desirable property to rent in North Mankato, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

North Mankato, MN Condos


Market Trend for North Mankato, MN

Total Listings Available: 1

Market Values:

Home Prices from $28,232 to $12,145,066

Average Sales Price: $369,697

Rental Values:

Rental from $830 to $3,840

Average Rent Value: $1,630 / month

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