Metropolitan market · Minnesota · June 2026 data

Albert Lea Real Estate Market

The Albert Lea, MN housing market as of June 2026 — real median listing price, market pace, inventory and supply, from public records and industry data. Prepare a client-ready Albert Lea report in a click.

Median listing price
$249,900
▼ 8.8% YoY
Median $ / sq ft
$139
1,742 sq ft median
Median days on market
56
June 2026
Active listings
109
For sale now
New listings
54
June 2026
Listings with price cuts
23%
Share of active
Median sale price (closed)
$191,000
▼ 1.8% YoY · closed sales
Sale-to-list ratio
97.0%
Closed sales
Homes sold / month
41
Closed sales
Median listing price trend
$280K$263K$246K$230K Q3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26

Median listing price, Albert Lea MN · trailing 8 quarters · source: public records and industry data.

The 10-year view
$274K$238K$201K$165K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, Albert Lea MN · June of each year, 2017–2026 · source: public records and industry data.

Supply snapshot
Active listings
109
New this month
54
Pending
38
Price-reduced
24

As of June 2026, the median home listed in Albert Lea, MN asks $249,900 — down 8.8% from a year ago. Homes are taking a median of 56 days to go under contract, and 23% of the 109 active listings have taken a price cut, which points to a balanced market. Figures cover the Albert Lea, MN metro area. Based on public records and industry data, updated monthly.

Investment snapshot
Investor Score
44/100
#592 of 932 covered metros
12-month outlook
-3.0%
▼ Cooling · model output, not advice
Momentum
20
Value
87
Rental yield
55
Supply risk
74
Market heat
39

Albert Lea scores 44/100 on our composite Investor Score (#592 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; active inventory sits at 112% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are down 8.8% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).

Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Albert Lea ranks on the trending markets index.

What mortgage rates do to the payment
If rates fall 1% · 5.43%
$1,126/mo
−$128/mo vs today
At today's rate · 6.43%
$1,254/mo
National weekly average
If rates rise 1% · 7.43%
$1,388/mo
+$134/mo vs today

Principal & interest on the $249,900 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.

Growth, supply pipeline & risk
Building permits (2025)
13
▼ 18.8% vs 2024
0.4 per 1,000 residents
Net migration (2022–2023)
-12
▼ people, via tax-return records
net income flow −$270,000/yr
Natural-hazard risk
Relatively Low
National hazard index · top hazard: Riverine flooding

Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.

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Albert Lea market FAQs

What is the median home price in Albert Lea?
As of June 2026, the median listing price in Albert Lea, MN is $249,900, down 8.8% year over year (source: public records and industry data). Figures cover the Albert Lea, MN metro area.
How fast are homes selling in Albert Lea?
The median property in Albert Lea spends 56 days on the market, with 109 homes actively listed and 23% of them carrying a price cut — a balanced market by pace.
Who are the top real estate agents in Albert Lea?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Albert Lea and the wider Minnesota market.
Based on public records and industry data, June 2026 — see our methodology for how every figure is computed. Figures cover the Albert Lea, MN metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.