Albert Lea, MN Housing Market
The Albert Lea housing market is very competitive. The median sale price of a home in Albert Lea was $218K last month, up 24.4% since last year. The median sale price per square foot in Albert Lea is $122, up 7.0% since last year.
Albert Lea Housing Market Trends
In October 2025, Albert Lea home prices were up 24.4% compared to last year, selling for a median price of $218K. On average, homes in Albert Lea sell after 31 days on the market compared to 21 days last year. There were 28 homes sold in October this year, up from 21 last year.

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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 1% below list price and go pending in around 31 days.
- Hot homescan sell for about 2% above list price and go pending in around 10 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 24 days.
- Hot homescan sell for about 3% above list price and go pending in around 12 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 around list price and go pending in around 23 days.
- Hot homescan sell for about 2% above list price and go pending in around 12 days.
Albert Lea Migration & Relocation Trends
View houses in Albert Lea that sold recently
Recently sold homes
- $150,000 Last Sold Price2 beds1 bath—sq ft208 Mcarthur Dr, Albert Lea, MN 56007List Price$142,900Sale to List5% over listDays on Market27 days208 Mcarthur Dr, Albert Lea, MN 56007
- $110,000 Last Sold Price3 beds2 baths—sq ft1609 Johnson St, Albert Lea, MN 56007List Price$119,900Sale to List8% under listDays on Market53 days1609 Johnson St, Albert Lea, MN 56007
- $126,000 Last Sold Price2 beds1 bath—sq ft522 Saint Thomas Ave, Albert Lea, MN 56007List Price$124,900Sale to List1% over listDays on Market29 days522 Saint Thomas Ave, Albert Lea, MN 56007
- $424,900 Last Sold Price4 beds3 baths—sq ft3425 Hoeger Ln, Albert Lea, MN 56007List Price$424,900Sale to List0% over listDays on Market53 days3425 Hoeger Ln, Albert Lea, MN 56007
- $195,000 Last Sold Price4 beds2 baths—sq ft507 Hills Ln, Albert Lea, MN 56007List Price$205,777Sale to List5% under listDays on Market303 days507 Hills Ln, Albert Lea, MN 56007
- $170,000 Last Sold Price3 beds2 baths—sq ft621 E 16th St, Albert Lea, MN 56007List Price$179,900Sale to List6% under listDays on Market189 days621 E 16th St, Albert Lea, MN 56007
- $125,000 Last Sold Price4 beds2 baths—sq ft923 Jefferson Ave, Albert Lea, MN 56007List Price$135,000Sale to List7% under listDays on Market30 days923 Jefferson Ave, Albert Lea, MN 56007
- $134,900 Last Sold Price2 beds2 baths—sq ft707 S 3rd Ave, Albert Lea, MN 56007List Price$134,900Sale to List0% over listDays on Market42 days707 S 3rd Ave, Albert Lea, MN 56007
See all recently sold homes in Albert Lea.
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Schools in Albert Lea
- Elementary
- Middle
- High
GreatSchools Rating
6/10 Halverson Elementary School Public • PreK-5 | 389 Students | 4 reviews |
5/10 Sibley Elementary School Public • K-5 | 282 Students | N/A |
5/10 Lakeview Elementary School Public • K-5 | 435 Students | 1 reviews |
4/10 Hawthorne Elementary School Public • PreK-5 | 424 Students | 4 reviews |
NR Albert LEA Elementary Online Public • 4-5 | 7 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®
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