Albert Lea, MN
Housing market overview · Updated weekly
$187,500median sale price
Homes sold
14
Last 12 weeks
Days on market
42
Average pace
Active listings
62
4.4 months supply
Sale-to-list
102.2%
Above asking
The Albert Lea housing market is currently classified as a balanced market with a median sale price of $187,500. Prices have risen 44.1% compared to last year, with homes spending an average of 42 days on market, indicating 4.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Albert Lea
There are currently 62 homes listed for sale in Albert Lea, Minnesota. The median listing price is $205K.
Active listings
62
Homes on market
Median list price
$205K
Avg. days on market
42
Days until sale
New this week
30
Newly listed
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Frequently asked questions
What is the average home price in Albert Lea?
The median home sale price in Albert Lea is $187,500, up 44.1% from last year.
How long do homes stay on market in Albert Lea?
Homes typically spend 42 days on market before going under contract.
Is Albert Lea a buyer's or seller's market?
With 4.4 months of supply, Albert Lea is currently a balanced market.
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