Albert Lea, MN Housing Market
The Albert Lea housing market is somewhat competitive. The median sale price of a home in Albert Lea was $142K last month, down 23.9% since last year. The median sale price per square foot in Albert Lea is $104, down 2.8% since last year.
Albert Lea Housing Market Trends
In March 2024, Albert Lea home prices were down 23.9% compared to last year, selling for a median price of $142K. On average, homes in Albert Lea sell after 61 days on the market compared to 110 days last year. There were 15 homes sold in March this year, up from 13 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
- Some homes get multiple offers.
- The average homes sell for about 5% below list price and go pending in around 35 days.
- Hot homescan sell for around list price and go pending in around 10 days.
Albert Lea Migration & Relocation Trends
Home offer insights for Albert Lea
Recent offers
View houses in Albert Lea that sold recently
Recently sold homes
- $130,000 Last Sold Price2 beds1 bath—sq ft909 Luther Pl #109, Albert Lea, MN 56007List Price$127,900Sale to List2% over listDays on Market41 days909 Luther Pl #109, Albert Lea, MN 56007
- $172,500 Last Sold Price3 beds2 baths—sq ft1907 Bellview Ln, Albert Lea, MN 56007List Price$164,900Sale to List5% over listDays on Market33 days1907 Bellview Ln, Albert Lea, MN 56007
- $120,900 Last Sold Price3 beds1 bath—sq ft2250 Margaretha Ave, Albert Lea, MN 56007List Price$129,900Sale to List7% under listDays on Market44 days2250 Margaretha Ave, Albert Lea, MN 56007
- $101,000 Last Sold Price3 beds1 bath—sq ft801 Marshall St, Albert Lea, MN 56007List Price$99,900Sale to List1% over listDays on Market44 days801 Marshall St, Albert Lea, MN 56007
- $34,0003 beds2.5 baths1,289 sq ft721 S Broadway Ave, Albert Lea, MN 56007Days on Market—721 S Broadway Ave, Albert Lea, MN 56007
- $108,000 Last Sold Price2 beds1 bath—sq ft813 Ulstad Ave, Albert Lea, MN 56007List Price$99,900Sale to List8% over listDays on Market103 days813 Ulstad Ave, Albert Lea, MN 56007
- $105,000 Last Sold Price2 beds1 bath—sq ft1919 Bellview Ln, Albert Lea, MN 56007List Price$115,900Sale to List9% under listDays on Market42 days1919 Bellview Ln, Albert Lea, MN 56007
- $148,400 Last Sold Price3 beds1 bath—sq ft1105 Marie Ave, Albert Lea, MN 56007List Price$153,500Sale to List3% under listDays on Market176 days1105 Marie 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
7/10 Halverson Elementary School Public • PreK-5 | 404 Students | 4 reviews |
5/10 Sibley Elementary School Public • K-5 | 425 Students | N/A |
5/10 Hawthorne Elementary School Public • PreK-5 | 460 Students | 3 reviews |
4/10 Lakeview Elementary School Public • K-5 | 344 Students | 1 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 - Minimal
Wind Factor
Heat Factor - Minimal
Heat Factor
Transportation in Albert Lea
Walk Score®
Bike Score®
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