$42,500
Hidden Oaks Dr NW
Alexandria, MN
0 ba
Land1.66 acres
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Sarah Mitchell
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Compass Real Estate · Alexandria, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Alexandria, MN(512) 555-0184TX License #0512847
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Alexandria, MN Housing Market
Seller's market+3.8% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Alexandria, MN is worth $297,583, rose 3.8% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $305,000 (through May 2026). With 2.3 months of supply and homes going under contract in about 14 days, Alexandria is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $297,583 home is about $1,589/mo in principal and interest.
Key numbers for Alexandria, MN
Typical home value
$297,583
+3.8% in 12 months
Zillow, August 2026
Median sale price
$305,000
Last published period
Redfin, through May 2026
Days on market
14
Fast-moving
Redfin, through May 2026
Active listings
49
2.3 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$61,558
Home costs 4.8x income
U.S. Census ACS, 2023
Sale-to-list ratio
99.4%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Alexandria a buyer's or seller's market?
Seller's market2.3 months of supply14 days on market99.4% of asking
Alexandria, MN is a seller's market, based on 2.3 months of supply and homes selling in about 14 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Alexandria housing market data show?
Every row below is Redfin's final published month for Alexandria, MN. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $305,000 |
| Median list price | $327,450 |
| Median price per sq ft | $164/sq ft |
| Median days on market | 14 days |
| Active inventory | 49 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 99.4% |
| Homes sold (that month) | 21 |
| New listings (that month) | 32 |
| Listings with a price cut | 42.9% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Alexandria is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Alexandria is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Alexandria home prices moved?
Over the last three years the median sale price in Alexandria, MN fell 3.2%, from $315,000 to $305,000. The live Zillow value series has rose 3.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. 42.9% of Alexandria listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.3 months while the sale-to-list ratio slips below its current 99.4%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Alexandria?
Priced off the typical home value of $297,583 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $59,517 | $238,066 | $1,589/mo |
| 5% | $14,879 | $282,703 | $1,887/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,589, that implies roughly $68,085 a year before you add taxes and insurance. The median household in Alexandria earns $61,558, about $6,527 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 4.8x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Alexandria in the next 12 months?
Tell us your timeline. We send the Alexandria market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Alexandria?
Zillow does not publish a rent index (ZORI) for Alexandria, MN, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Alexandria?
Active listings in Alexandria, MN went from 45 in May 2025 to 49 in May 2026, a +8.9% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 53 | 36 |
| July 2025 | 54 | 28 |
| August 2025 | 58 | 23 |
| September 2025 | 58 | 20 |
| October 2025 | 54 | 19 |
| November 2025 | 46 | 12 |
| December 2025 | 39 | 8 |
| January 2026 | 29 | 5 |
| February 2026 | 26 | 5 |
| March 2026 | 28 | 15 |
| April 2026 | 41 | 42 |
| May 2026 | 49 | 32 |
Redfin, through May 2026
How does Alexandria compare to Minnesota and the U.S.?
Alexandria homes sell for $305,000 — 18% below the Minnesota median of $372,300. Against the national median of $410,700, Alexandria runs 26% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Alexandria, MN | $305,000 | not published | 14 days |
| Minnesota statewide | $372,300 | +1.3% | 25 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Alexandria
What buyers should watch
- Months of supply, currently 2.3. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 42.9%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $298 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $297,583 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Alexandria listing goes under contract in 14 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 99.4% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Alexandria added 32 new listings against 21 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +3.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Alexandria varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Alexandria
There are currently 49 homes listed for sale in Alexandria, Minnesota. The median listing price is $327K. Featured listings range from $42,500 to $1,699,000.
$60,000
1211 6th Ave E
Alexandria, MN
0 ba
Land13,939 sqft lot
View photos & details
$85,000
7870 Cottage Ln SW Unit 19
Alexandria, MN
1 bd1 ba300 sqft$283/ft²
Mobile home6.41 acres
View photos & details
$151,900
Block 1 Lake Ida Way NW Lot 7
Alexandria, MN
0 ba
Land23,958 sqft lot
View photos & details
$305,000
3863 Wahtomin Trl NW
Alexandria, MN
2 bd1 ba880 sqft$347/ft²
House1,307 sqft lot
View photos & details
$320,000
919 Douglas St
Alexandria, MN
5 bd3 ba1,664 sqft$192/ft²
House9,148 sqft lot
View photos & details
$349,900
2815 Crestwood Dr NE
Alexandria, MN
5 bd2 ba2,096 sqft$167/ft²
House20,038 sqft lot
View photos & details
$415,000
1177 Bridgeport Ln NW
Alexandria, MN
4 bd2 ba2,680 sqft$155/ft²
House21,780 sqft lot
View photos & details
$445,000
4595 Cotton Tail Ln NW
Alexandria, MN
2 bd2 ba1,130 sqft$394/ft²
House9.68 acres
View photos & details
$595,000
2703 Le Homme Dieu Vw NE
Alexandria, MN
2 bd2 ba1,592 sqft$374/ft²
Townhouse3,049 sqft lot
View photos & details
$698,921
900 E Lake Brophy Rd NW
Alexandria, MN
4 bd4 ba3,119 sqft$224/ft²
House27,443 sqft lot
View photos & details
$1,699,000
2917 Vonderheide Dr SW
Alexandria, MN
4 bd4 ba4,713 sqft$360/ft²
House2.51 acres
View photos & details
Looking to buy in Alexandria?
Get connected with a local real estate expert — free, no obligation.
Active listings
49
Homes on market
Median list price
$327K
Avg. days on market
14
Days until sale
New this week
32
Newly listed
Price drops:42.9%of listings
Sale-to-list:99.4%
How much do homes cost in Alexandria by property type?
How the Alexandria, MN market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $305,000 | $164/sq ft | 17 | 14 days |
| Condo / co-op | $207,500 | $149/sq ft | 2 | 23 days |
| Townhouse | $395,000 | $223/sq ft | 2 | 21 days |
Who lives in Alexandria?
American Community Survey estimates for Alexandria. U.S. Census ACS, 2023
Population
14,579
Households
6,977
Median income
$61,558/yr
Median age
39 years
Owner-occupied
57.2%
Median home value
$247,200
Median gross rent
$907/mo
Mean commute
16.8 min
57.2% of occupied homes in Alexandria are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $247,200 against Zillow's $297,583 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Alexandria?
10 schools tracked · 3,835 students
The largest public schools serving Alexandria, 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.
Alexandria Area High School
Grades 9-12 · 1,310 students
Discovery Middle School
Grades 6-8 · 874 students
LINCOLN ELEMENTARY
Grades K-5 · 478 students
VOYAGER ELEMENTARY
Grades K-5 · 427 students
WOODLAND ELEMENTARY SCHOOL
Grades K-5 · 416 students
EARLY EDUCATION CENTER
Grades PK · 139 students
Kalon Prep Academy
Grades 9-12 · 135 students
Runestone Alternative School
Grades 7-12 · 49 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 Alexandria, MN?
Ordered by distance from Alexandria, not by size. Compare Alexandria side by side with any of them.
Alexandria housing market FAQ
Is Alexandria a buyer's or seller's market?
Alexandria, MN is currently a seller's market. That read comes from 2.3 months of supply, homes going under contract in about 14 days, and sellers getting 99.4% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Alexandria?
The typical home in Alexandria, MN is worth $297,583 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $305,000, about $164 per square foot.
Is Alexandria cheaper than the rest of Minnesota?
Alexandria's median sale price of $305,000 is 18% lower than the Minnesota statewide median of $372,300, and 26% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Alexandria?
Homes in Alexandria, MN spent a median of 14 days on market before going under contract, versus 25 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Alexandria?
At the current 30-year fixed rate of 7.03%, 20% down on a $297,583 home is about $1,589 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $68,085 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $61,558.
Are home prices rising in Alexandria?
The typical home value in Alexandria, MN rose 3.8% over the last 12 months, from $286,565 to $297,583 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Alexandria?
Alexandria ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Alexandria?
That depends on your timeline, not on a headline. What the data says today: Alexandria, MN is a seller's market with 2.3 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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