Comprehensive market data and analysis• Updated Oct 2026
441.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 1 | 4 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 1 | 4 |
Acreage buckets
The median price for land in Mankato, Minnesota is currently $347K per acre. For a typical parcel, the median sale price is $85K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $42K while premium lots reached $149K.
Mankato, Minnesota is currently a strong buyer's market with 441.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Mankato, Minnesota currently has 441.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The 3-month absorption rate in Mankato, Minnesota is 0.2%. The 12-month rate is 0.2%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Mankato, Minnesota is 0.2% (3-month basis), indicating slow demand. The top-performing broker in this market is True Real Estate.
Land in Mankato, Minnesota typically sells within 344 days of listing. The median time on market is 46 days. Properties are moving slowly in the current strong buyer's market.
There are currently 147 active listings in Mankato, Minnesota. 45 new listings have hit the market in the last 90 days. The median asking price is $99K.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Mankato on LandyDandy.
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