Albert Lea, MN Housing Market
The Albert Lea housing market is somewhat competitive. The median sale price of a home in Albert Lea was $199K last month, up 10.5% since last year. The median sale price per square foot in Albert Lea is $124, up 29.2% since last year.
Albert Lea Housing Market Trends
In May 2025, Albert Lea home prices were up 10.5% compared to last year, selling for a median price of $199K. On average, homes in Albert Lea sell after 64 days on the market compared to 12 days last year. There were 23 homes sold in May this year, up from 16 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
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 39 days.
- Hot homescan sell for about 1% above list price and go pending in around 13 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 around list price and go pending in around 18 days.
- Hot homescan sell for about 4% above list price and go pending in around 6 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 2% below list price and go pending in around 15 days.
- Hot homescan sell for about 1% 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
- $192,000 Last Sold Price3 beds2 baths—sq ft403 Giles Pl, Albert Lea, MN 56007List Price$189,900Sale to List1% over listDays on Market57 days403 Giles Pl, Albert Lea, MN 56007
- $17,000 Last Sold Price—beds—baths—sq ft0000 Meadow, Albert Lea, MN 56007List Price$19,900Sale to List15% under listDays on Market1037 days0000 Meadow, Albert Lea, MN 56007
- $214,000 Last Sold Price4 beds2 baths—sq ft1429 Circle Dr, Albert Lea, MN 56007List Price$209,475Sale to List2% over listDays on Market42 days1429 Circle Dr, Albert Lea, MN 56007
- $272,000 Last Sold Price2 beds2 baths—sq ft211 Glenn Rd, Albert Lea, MN 56007List Price$292,500Sale to List7% under listDays on Market70 days211 Glenn Rd, Albert Lea, MN 56007
- $390,000 Last Sold Price4 beds3 baths—sq ft1650 Hammer Rd, Albert Lea, MN 56007List Price$390,000Sale to List0% over listDays on Market118 days1650 Hammer Rd, Albert Lea, MN 56007
- $124,000 Last Sold Price2 beds2 baths—sq ft111 N 3rd Ave, Albert Lea, MN 56007List Price$137,900Sale to List10% under listDays on Market74 days111 N 3rd Ave, Albert Lea, MN 56007
- $300,0003 beds2.5 baths1,932 sq ft102 North Shore Ave, Albert Lea, MN 56007List Price—Sale to List—Days on Market—102 North Shore Ave, Albert Lea, MN 56007
- $178,000 Last Sold Price3 beds2 baths—sq ft2330 Larson Ave, Albert Lea, MN 56007List Price$199,900Sale to List11% under listDays on Market63 days2330 Larson 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
5/10 Halverson Elementary School Public • PreK-5 | 389 Students | 4 reviews |
5/10 Lakeview Elementary School Public • K-5 | 435 Students | 1 reviews |
4/10 Sibley Elementary School Public • K-5 | 282 Students | N/A |
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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