$54,900
918 Plainview Ln
Albert Lea, MN
2 bd1 ba776 sqft
House7,971 sqft lot
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Albert Lea, MN
Balanced market+44.1% YoY
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. Featured listings range from $54,900 to $650,000.
$69,900
2310 Ethel Ave
Albert Lea, MN
3 bd2 ba1,216 sqft
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
Condo35,719 sqft lot
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$119,900
1317 Frank Ave
Albert Lea, MN
2 bd2 ba1,456 sqft
House10,019 sqft lot
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$139,900
1609 Keystone Dr
Albert Lea, MN
2 bd2 ba1,332 sqft
Townhouse4,583 sqft lot
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$175,000
1425 Academy Ave
Albert Lea, MN
3 bd2 ba1,272 sqft
House4,966 sqft lot
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$194,900
1314 Dunham St
Albert Lea, MN
2 bd2 ba1,191 sqft
House8,494 sqft lot
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$269,900
610 E 4th St
Albert Lea, MN
3 bd1 ba1,144 sqft
House8,712 sqft lot
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$294,900
311 Meredith Rd
Albert Lea, MN
4 bd2 ba2,047 sqft
House12,371 sqft lot
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$299,900
307 Channel Rd
Albert Lea, MN
3 bd1 ba1,242 sqft
House17,206 sqft lot
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$650,000
74500 240th St
Albert Lea, MN
3 bd3 ba3,180 sqft
House5.35 acres
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Active listings
62
Homes on market
Median list price
$205K
Avg. days on market
42
Days until sale
New this week
30
Newly listed
Price drops:16.1%of listings
Sale-to-list:102.2%
Explore nearby cities in MN
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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