Albert Lea, MN Housing Market
The Albert Lea housing market is very competitive. The median sale price of a home in Albert Lea was $175K last month, up 45.9% since last year. The median sale price per square foot in Albert Lea is $99, down 0.5% since last year.
Albert Lea Housing Market Trends
In October 2024, Albert Lea home prices were up 45.9% compared to last year, selling for a median price of $175K. On average, homes in Albert Lea sell after 21 days on the market compared to 59 days last year. There were 21 homes sold in October this year, up from 17 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Albert Lea housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 3% below list price and go pending in around 22 days.
- Hot homescan sell for around list price and go pending in around 9 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% below list price and go pending in around 31 days.
- Hot homescan sell for about 1% above list price and go pending in around 11 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% below list price and go pending in around 16 days.
- Hot homescan sell for about 2% above list price and go pending in around 8 days.
Albert Lea Migration & Relocation Trends
View houses in Albert Lea that sold recently
Recently sold homes
- $106,000 Last Sold Price2 beds2 baths—sq ft1607 Keystone Dr, Albert Lea, MN 56007List Price$119,900Sale to List12% under listDays on Market149 days1607 Keystone Dr, Albert Lea, MN 56007
- $67,500 Last Sold Price—beds—baths—sq ft18261 US Hwy 69, Albert Lea, MN 56007List Price$70,000Sale to List4% under listDays on Market139 days18261 US Hwy 69, Albert Lea, MN 56007
- $65,000 Last Sold Price1 bed1 bath—sq ft1201 Virginia Pl, Albert Lea, MN 56007List Price$70,000Sale to List7% under listDays on Market45 days1201 Virginia Pl, Albert Lea, MN 56007
- $262,000 Last Sold Price4 beds2 baths—sq ft1713 Plainview Ln, Albert Lea, MN 56007List Price$249,900Sale to List5% over listDays on Market67 days1713 Plainview Ln, Albert Lea, MN 56007
- $267,500 Last Sold Price3 beds3 baths—sq ft204 Lee Pl, Albert Lea, MN 56007List Price$279,900Sale to List4% under listDays on Market21 days204 Lee Pl, Albert Lea, MN 56007
- $39,500 Last Sold Price3 beds—baths—sq ft110 N 2nd Ave, Albert Lea, MN 56007List Price$44,900Sale to List12% under listDays on Market28 days110 N 2nd Ave, Albert Lea, MN 56007
- $139,000 Last Sold Price3 beds1 bath—sq ft2129 Harmony Ave, Albert Lea, MN 56007List Price$139,900Sale to List1% under listDays on Market41 days2129 Harmony Ave, Albert Lea, MN 56007
- $155,000 Last Sold Price3 beds2 baths—sq ft2003 Bimelich Ln, Albert Lea, MN 56007List Price$149,900Sale to List3% over listDays on Market45 days2003 Bimelich Ln, Albert Lea, MN 56007
See all recently sold homes in Albert Lea.
See listings
Schools in Albert Lea
- Elementary
- Middle
- High
GreatSchools Rating
6/10 Sibley Elementary School Public • K-5 | 322 Students | N/A |
5/10 Halverson Elementary School Public • PreK-5 | 386 Students | 4 reviews |
4/10 Lakeview Elementary School Public • K-5 | 393 Students | 1 reviews |
3/10 Hawthorne Elementary School Public • PreK-5 | 422 Students | 4 reviews |
NR Fountain Center Public • 5-12 | - Students | N/A |
Climate's impact on Albert Lea housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Albert Lea.
Flood Factor - Minor
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minor
Wind Factor
Heat Factor - Minimal
Heat Factor
Transportation in Albert Lea
Walk Score®
Bike Score®
More real estate resources for Albert Lea
New Listings in Albert Lea
Zip Code Housing Markets
Nearby City Housing Markets
Zip Code Listings
Nearby City Listings
About us
Find us
Subsidiaries
Copyright: © 2024 Redfin. All rights reserved.
Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures
New Mexico Real Estate Licenses
TREC: Info About Brokerage Services, Consumer Protection Notice
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.