Albert Lea, MN Housing Market
The Albert Lea housing market is somewhat competitive. The median sale price of a home in Albert Lea was $216K last month, up 17.6% since last year. The median sale price per square foot in Albert Lea is $123, up 2.5% since last year.
Albert Lea Housing Market Trends
In June 2025, Albert Lea home prices were up 17.6% compared to last year, selling for a median price of $216K. On average, homes in Albert Lea sell after 38 days on the market compared to 23 days last year. There were 16 homes sold in June this year, down from 24 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 2% below list price and go pending in around 34 days.
- Hot homescan sell for around 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 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% below list price and go pending in around 21 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
- $179,999 Last Sold Price3 beds3 baths—sq ft611 Albert Lea St, Albert Lea, MN 56007List Price$189,900Sale to List5% under listDays on Market160 days611 Albert Lea St, Albert Lea, MN 56007
- $290,000 Last Sold Price3 beds2 baths—sq ft1511 Oakwood Dr, Albert Lea, MN 56007List Price$265,000Sale to List9% over listDays on Market3 days1511 Oakwood Dr, Albert Lea, MN 56007
- $105,000 Last Sold Price2 beds1 bath—sq ft913 Abbott St #304, Albert Lea, MN 56007List Price$112,000Sale to List6% under listDays on Market84 days913 Abbott St #304, Albert Lea, MN 56007
- $275,000 Last Sold Price3 beds2 baths—sq ft1722 Canary Dr, Albert Lea, MN 56007List Price$299,900Sale to List8% under listDays on Market107 days1722 Canary Dr, Albert Lea, MN 56007
- $47,760 Last Sold Price4 beds1 bath—sq ft319 Court St, Albert Lea, MN 56007List Price$48,000Sale to List1% under listDays on Market57 days319 Court St, Albert Lea, MN 56007
- $530,000 Last Sold Price4 beds4 baths—sq ft107 The Fairway, Albert Lea, MN 56007List Price$649,500Sale to List18% under listDays on Market71 days107 The Fairway, Albert Lea, MN 56007
- $140,000 Last Sold Price2 beds2 baths—sq ft1420 E Hawthorne St, Albert Lea, MN 56007List Price$129,900Sale to List8% over listDays on Market68 days1420 E Hawthorne St, Albert Lea, MN 56007
- $135,000 Last Sold Price2 beds2 baths—sq ft315 Court Ln, Albert Lea, MN 56007List Price$140,000Sale to List4% under listDays on Market75 days315 Court Ln, Albert Lea, MN 56007
See all recently sold homes in Albert Lea.
See listings
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®
More real estate resources for Albert Lea
New Listings in Albert Lea
Nearby City Housing Markets
Zip Code Housing Markets
Nearby City Listings
Zip Code Listings
About us
Find us
Subsidiaries
Copyright: © 2025 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
Rocket Mortgage is an affiliated business of Redfin. All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York. For additional information on Rocket Mortgage or to receive lending services in the State of New York, please visit RocketMortgage.com.
Rocket Mortgage, LLC, Rocket Homes Real Estate LLC, Rocket Card, LLC, RockLoans Marketplace LLC (doing business as Rocket Loans), and Rocket Money, Inc., are separate operating subsidiaries of Rocket Limited Partnership. Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company is a separate legal entity operated and managed through its own management and governance structure. Rocket Limited Partnership is an indirect, wholly owned subsidiary of Rocket Companies, Inc. (NYSE: RKT).
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.