| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $249,950 | -10.6% YoY |
| Median price per sq ft | $137 | 1,935 sq ft median |
| Median days on market | 67 | +7% YoY |
| Active listings | 122 | +23% YoY |
| New listings this month | 34 | September 2026 |
| Listings with a price cut | 14% | Share of active |
| Median sale price (closed) | $198,000 | +10.0% YoY · closed sales, July 2026 |
| Sale-to-list ratio | 97.9% | Closed sales, July 2026, seasonally adjusted |
| Pending-to-active ratio | 32.9% | 40 pending |
| Inventory vs 2019 | 102% | Active listings vs same month in 2019 |
Metropolitan market · Minnesota · September 2026 data
What is the Albert Lea, MN real estate market doing?
As of September 2026, the median home listed in Albert Lea, MN asks $249,950, down 10.6% year over year. Homes spend a median of 67 days on market, with 122 active listings and 14% carrying a price cut; pending contracts equal 33% of active listings, and inventory sits at 102% of the same month in 2019 — a balanced market. Figures come from public records and industry data, updated monthly.
Median listing price
$249,950
▼ 10.6% YoY
Median $ / sq ft
$137
1,935 sq ft median
Median days on market
67
September 2026
Active listings
122
For sale now
New listings
34
September 2026
Listings with price cuts
14%
Share of active
Inventory vs 2019
102%
Same month, 2019 = 100
Pending / active
33%
Contract activity
Median sale price (closed)
$198,000
▲ 10.0% YoY · closed sales · July 2026
Sale-to-list ratio
97.9%
Closed sales · July 2026, seasonally adjusted
Homes sold / month
37
Closed sales · July 2026, seasonally adjusted
What is the Albert Lea, MN housing market doing right now?
The Albert Lea, MN housing market lists at a $249,950 median as of September 2026, down 10.6% year over year, with a 67-day median market time and 122 homes for sale (14% with a price cut). Active inventory is 102% of the 2019 level, reading as a balanced market under WealthyBud's published buyer/seller rule.
Albert Lea housing market statistics
The table summarizes Albert Lea's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Albert Lea.
How have home prices changed in Albert Lea?
Albert Lea home prices are down 10.6% year over year and -1.9% month over month as of September 2026, at a $249,950 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Albert Lea MN · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Albert Lea MN · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Albert Lea?
Albert Lea has 122 active listings, 34 new this month, 40 pending as of September 2026. About 14% of active listings have cut their price, and inventory sits at 102% of its 2019 level — a balanced market by pace.
Is Albert Lea a good real estate investment?
Albert Lea scores 50/100 on WealthyBud's composite Investor Score, ranking #450 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
50/100
#450 of 933 covered metros
Albert Lea scores 50/100 on our composite Investor Score (#450 of 933 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; active inventory sits at 102% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are down 10.6% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).
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.
How much is a monthly mortgage payment in Albert Lea?
A home at Albert Lea's $249,950 median listing runs about $1,368 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 6.28%
$1,235/mo
−$133/mo vs today
At today's rate · 7.28%
$1,368/mo
National weekly average
If rates rise 1% · 8.28%
$1,506/mo
+$138/mo vs today
Principal & interest on the $249,950 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.
How much income do you need to buy a home in Albert Lea?
To buy Albert Lea’s $249,950 median listing with 20% down, a household needs about $68,000 a year in gross income, keeping principal, interest and property tax ($1,589/mo) at 28% of income. The area’s median household income is $69,012, so the median listing is within reach of a typical Albert Lea household on these terms.
| Item | Amount | Basis |
|---|---|---|
| Median listing price | $249,950 | September 2026 |
| Down payment (20%) | $49,990 | Assumption |
| Principal & interest (7.28%, 30-yr fixed) | $1,368/mo | Rate as of 2026-10-01 |
| Property tax (1.06% effective rate) | $221/mo | Census ACS |
| Income needed (28% rule) | $68,000 | Gross household income / yr |
| Median household income | $69,012 | Census ACS 2023 ACS 5-year |
Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.
What is driving the Albert Lea housing market?
Longer-run demand in Albert Lea shows up in 13 homes permitted in 2025; net migration of -12 residents. Natural-hazard risk rates Relatively Low. These federal supply-pipeline, migration and jobs signals shape where prices head next.
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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ReadAlbert Lea housing market FAQ
What is the median home price in Albert Lea?
As of September 2026, the median listing price in Albert Lea, MN is $249,950, down 10.6% year over year (source: public records and industry data). Figures cover the Albert Lea, MN metro area.
How much does it cost to buy a home in Albert Lea?
The median home listed in Albert Lea asks $249,950 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $1,368 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Albert Lea?
The median property in Albert Lea spends 67 days on the market, with 122 homes actively listed and 14% of them carrying a price cut — a balanced market as of September 2026.
Is it a buyer's or seller's market in Albert Lea?
With a median 67 days on market and 14% of active listings carrying a price cut, pending contracts at 33% of active listings, Albert Lea reads as a balanced market as of September 2026. Labels use WealthyBud's published DOM / sale-to-list / price-cut / pending rule. Conditions shift monthly.
Is Albert Lea a good place to invest in real estate?
Albert Lea scores 50/100 on WealthyBud's Investor Score, ranking #450 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
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, ranked by recent sales from public profile data.
Based on public records and industry data, September 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.
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