Albert Lea, MN Housing Market
The Albert Lea housing market is very competitive. The median sale price of a home in Albert Lea was $159K last month, down 11.9% since last year. The median sale price per square foot in Albert Lea is $113, up 14.6% since last year.
Albert Lea Housing Market Trends
In November 2025, Albert Lea home prices were down 11.9% compared to last year, selling for a median price of $159K. On average, homes in Albert Lea sell after 41 days on the market compared to 25 days last year. There were 22 homes sold in November this year, down from 23 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 35 days.
- Hot homescan sell for about 2% above list price and go pending in around 8 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 25 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 13 days.
- Hot homescan sell for about 5% above list price and go pending in around 7 days.
Albert Lea Migration & Relocation Trends
View houses in Albert Lea that sold recently
Recently sold homes
- $185,000 Last Sold Price3 beds1 bath—sq ft314 Burr Oak Dr, Albert Lea, MN 56007List Price$194,900Sale to List5% under listDays on Market104 days314 Burr Oak Dr, Albert Lea, MN 56007
- $365,000 Last Sold Price3 beds2 baths—sq ft1617 South Shore Dr, Albert Lea, MN 56007List Price$365,000Sale to List0% over listDays on Market121 days1617 South Shore Dr, Albert Lea, MN 56007
- $315,000 Last Sold Price3 beds3 baths—sq ft709 Blackmer Ave, Albert Lea, MN 56007List Price$369,000Sale to List15% under listDays on Market114 days709 Blackmer Ave, Albert Lea, MN 56007
- $163,000 Last Sold Price2 beds1 bath—sq ft909 Luther Pl #109, Albert Lea, MN 56007List Price—Sale to List—Days on Market—909 Luther Pl #109, Albert Lea, MN 56007
- $120,000 Last Sold Price2 beds1 bath—sq ft505 Pillsbury Ave, Albert Lea, MN 56007List Price$129,900Sale to List8% under listDays on Market139 days505 Pillsbury Ave, Albert Lea, MN 56007
- $289,900 Last Sold Price4 beds3 baths—sq ft309 Garden Rd, Albert Lea, MN 56007List Price$289,900Sale to List0% over listDays on Market70 days309 Garden Rd, Albert Lea, MN 56007
- $173,000 Last Sold Price3 beds1 bath—sq ft1507 Plainview Ln, Albert Lea, MN 56007List Price$173,000Sale to List0% over listDays on Market34 days1507 Plainview Ln, Albert Lea, MN 56007
- $115,000 Last Sold Price3 beds1 bath—sq ft1502 Edina Ave, Albert Lea, MN 56007List Price$104,900Sale to List10% over listDays on Market93 days1502 Edina 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
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Bike Score®
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