A magnet manufacturing method has a step of preparing mixed powder of magnetic powder of a hard magnetic material, which includes one or more of an Fe—N-based compound and an R—Fe—N-based compound and a lubricant that allows formation of an adsorption film on a surface of the magnetic powder, a step of heating the mixed powder at a temperature that is equal to or higher than a melting point of the lubricant and that is lower than a decomposition temperature of the magnetic powder to form the adsorption film of the lubricant on the surface of the magnetic powder, a step of pressurizing and molding the magnetic powder in order to obtain a primary molding, and a step of heating the primary molding at a temperature that is lower than the decomposition temperature of the magnetic powder.