$54,900
918 Plainview Ln
Albert Lea, MN
2 bd1 ba776 sqft$71/ft²
House7,971 sqft lot
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Sarah Mitchell
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Compass Real Estate · Albert Lea, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Albert Lea, MN(512) 555-0184TX License #0512847
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Albert Lea, MN Housing Market & Real Estate
Balanced market-12.1% YoY
Housing market overview · Updated monthly ·
$174,900median sale price
How is the Albert Lea, MN housing market right now?
The median home sale price in Albert Lea, MN is $174,900, down 12.1% year-over-year. Homes sell in an average of 41 days with 84 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Albert Lea a buyer's or seller's market?
Balanced market3.4 months of supply41 avg. days on market
Albert Lea, MN is currently a balanced market, based on 3.4 months of supply and homes selling in about 41 days. How we determine this →
Homes sold
25
Last 12 weeks
Days on market
41
Average pace
Active listings
84
3.4 months supply
Sale-to-list
98.8%
Below asking
What does the Albert Lea housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $174,900 |
| Median list price | $219,900 |
| Year-over-year price change | -12.1% |
| Average days on market | 41 days |
| Active inventory | 84 listings |
| Months of supply | 3.4 months |
| Sale-to-list price ratio | 98.8% |
| Median price per sq ft | $112/sq ft |
| Homes sold (latest month) | 25 |
| New listings (latest month) | 41 |
| Listings with a price cut | 26.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Albert Lea by property type?
How the Albert Lea, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $174,900 | $113/sq ft | 23 | 41 days |
| Condo / Co-op | $118,900 | $128/sq ft | 1 | 19 days |
| Townhouse | $120,000 | $90/sq ft | 1 | 34 days |
Source: Redfin · Updated monthly
The Albert Lea housing market is currently classified as a balanced market with a median sale price of $174,900. Prices have fallen 12.1% compared to last year, with homes spending an average of 41 days on market, indicating 3.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.0x provides context for how home values compare to local earning capacity.
Homes for sale in Albert Lea
There are currently 84 homes listed for sale in Albert Lea, Minnesota. The median listing price is $220K. Featured listings range from $54,900 to $650,000.
$69,900
2310 Ethel Ave
Albert Lea, MN
3 bd2 ba1,216 sqft$57/ft²
Mobile home
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$102,000
705 E 18th St Lot 71
Albert Lea, MN
3 bd2 ba
Mobile home
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$109,900
913 Abbott St Apt 204
Albert Lea, MN
2 bd1 ba953 sqft$115/ft²
Condo35,719 sqft lot
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$119,900
1317 Frank Ave
Albert Lea, MN
2 bd2 ba1,456 sqft$82/ft²
House10,019 sqft lot
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$139,900
1609 Keystone Dr
Albert Lea, MN
2 bd2 ba1,332 sqft$105/ft²
Townhouse4,583 sqft lot
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$175,000
1425 Academy Ave
Albert Lea, MN
3 bd2 ba1,272 sqft$138/ft²
House4,966 sqft lot
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$194,900
1314 Dunham St
Albert Lea, MN
2 bd2 ba1,191 sqft$164/ft²
House8,494 sqft lot
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$269,900
610 E 4th St
Albert Lea, MN
3 bd1 ba1,144 sqft$236/ft²
House8,712 sqft lot
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$294,900
311 Meredith Rd
Albert Lea, MN
4 bd2 ba2,047 sqft$144/ft²
House12,371 sqft lot
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$299,900
307 Channel Rd
Albert Lea, MN
3 bd1 ba1,242 sqft$241/ft²
House17,206 sqft lot
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$650,000
74500 240th St
Albert Lea, MN
3 bd3 ba3,180 sqft$204/ft²
House5.35 acres
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Looking to buy in Albert Lea?
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Active listings
84
Homes on market
Median list price
$220K
Avg. days on market
41
Days until sale
New this week
41
Newly listed
Price drops:26.2%of listings
Sale-to-list:98.8%
Who lives in Albert Lea?
Population
18,379
Median income
$62,522/yr
Median age
44.3 years
Owner-occupied
73.6%
College grads
17.3%
Avg commute
18.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Albert Lea?
Zillow home value
$185,100
Price-to-income
3.0x
Source: Zillow Research
What is it like to live in Albert Lea?
Albert Lea is a community of approximately 18K residents with a median age of 44.3 years.The median household income is $62,522, which represents a working-class community with solid middle-income opportunities. 17.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 73.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 18.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Albert Lea offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Albert Lea?
8 schools tracked · 3,338 students
The largest public schools serving Albert Lea, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
ALBERT LEA SENIOR HIGH
Grades 8-12 · 1,229 students
SOUTHWEST MIDDLE
Grades 6-7 · 455 students
LAKEVIEW ELEMENTARY
Grades K-5 · 412 students
HAWTHORNE ELEMENTARY
Grades PK-5 · 403 students
HALVERSON ELEMENTARY
Grades PK-5 · 368 students
SIBLEY ELEMENTARY
Grades K-5 · 273 students
Albert Lea Area Learning Center
Grades 6-12 · 124 students
Brookside Early Childhood Sp Ed
Grades PK · 74 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Albert Lea, MN?
Want a head-to-head view? Compare Albert Lea side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Albert Lea?
The median home sale price in Albert Lea is $174,900, down 12.1% from last year.
How long do homes stay on market in Albert Lea?
Homes typically spend 41 days on market before going under contract.
What is the median income in Albert Lea?
The median household income is $62,522 per year.
Is Albert Lea a buyer's or seller's market?
With 3.4 months of supply, Albert Lea is currently a balanced market.
How many homes are for sale in Albert Lea?
There are currently 84 homes listed for sale in Albert Lea, MN.
What is the Zillow home value estimate for Albert Lea?
The Zillow Home Value Index (ZHVI) for Albert Lea is $185,100, representing the typical home value in the area.
What is the median condo price in Albert Lea?
The median condo/co-op sale price in Albert Lea, MN is $118,900, compared to $174,900 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Albert Lea?
The median single-family home price in Albert Lea, MN is $174,900 (about $113 per square foot).
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