56003 Home Values & Market Trends

There are 24 homes currently listed for 56003. 56003 real estate market trends show that home prices range from $139,900 to $925,000, and the median sales price in the 56003 zip code is $312,603.86. The total number of properties sold within the past twelve months is 185. In 56003, 2 properties are in foreclosure, 1 are bank owned properties,and 1 are headed for auction.

56003 Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Mankato

$ 360,750

$ 151/sqft

Mankato

$ 360,750

$ 151/sqft

Housing Market Summary for 56003

Apr 2023March 2024Change
Median Listing Price$339K$294.4K-13.15%
Median Sold Price$306.9K$294.4K-4.07%
Homes For Sale192110.53%
Homes Sold617624.59%
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 56003

The median list price of a home in Mankato, is $312,603.86. A total of 24 properties are for sale, and the percentage of properties for sale in the zip code is 24.00%. The total count of 56003 properties is 5,071.

Foreclosure
There are 2 cities within 56003; within these cities, the median estimated home value for homes in foreclosure ranges from $424,750 in mankato to the lowest value of $154,250 in mankato. Foreclosure homes account for 0.00% of properties in 56003 with mankato containing 10 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 56003 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 2 cities within 56003; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 56003 ranges from the highest value of $0 in mankato to the lowest value of $0 in mankato. Bank owned homes and properties account for 0.02% of properties in 56003. There are 2 cities within 56003; mankato containing 0 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    mankato has 10 auction properties, the highest number of properties going to auction in a single city in the state of 56003. Auction homes and other auction properties account for 0.02% of all properties in 56003. There are 2 cities within 56003; of those cities, the median estimated home value for homes going to auction ranges from $424,750 in mankato to the lowest value of $154,250 in mankato.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.47% of residential properties in 56003 with mankato containing 59 homes for sale, the highest number of listed properties in a single city. There are 2 cities within 56003; homes for sale in those cities, have a range of median values from $1,250,000 in mankato to the lowest value of $172,501 in mankato.
    Sold Homes
    The median value for recently sold homes ranges from $1,136,476 in mankato to the lowest price of $41,107 in mankato. There are 2 cities within 56003. mankato has 248 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.52% of properties in 56003.

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      Guide for 56003

      Market Reports
      Saint Paul Real Estate Market Shows Steady Growth Through 2023-2024
      Market Reports
      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
      Market Reports
      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      See More Articles
      Saint Paul Real Estate Market Shows Steady Growth Through 2023-2024
      Market Reports|posted 26 March 2024

      Overview of the real estate trends in Saint Paul over the past year, analyzing various aspects like sale prices, property values, market activity, and market dynamics on a monthly basis, discussing influences such as economic conditions, interest rates, seasonal changes, and local employment levels.

      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Market Reports|posted 14 March 2024

      The article provides a comprehensive analysis of real estate market trends in Minneapolis and its surrounding cities, highlighting various shifts in property values and sales. The observations reflect a diverse and dynamic market catering to varying buyer preferences and budgets.

      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      Market Reports|posted 17 April 2024

      Tulsa’s real estate market shows sharp seasonal fluctuations, a high turnover rate, and a balance between higher-end and more affordable properties compared to its neighboring cities.

      Recently Listed Homes 56003

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