Metropolitan market · Minnesota · September 2026 data

What is the Alexandria, MN real estate market doing?

As of September 2026, the median home listed in Alexandria, MN asks $427,000, down 13.7% year over year. Homes spend a median of 57 days on market, with 159 active listings and 22% carrying a price cut; pending contracts equal 34% of active listings, and inventory sits at 63% of the same month in 2019 — a balanced market. Figures come from public records and industry data, updated monthly.

Median listing price
$427,000
▼ 13.7% YoY
Median $ / sq ft
$225
2,012 sq ft median
Median days on market
57
September 2026
Active listings
159
For sale now
New listings
60
September 2026
Listings with price cuts
22%
Share of active
Inventory vs 2019
63%
Same month, 2019 = 100
Pending / active
34%
Contract activity
Median sale price (closed)
$355,000
▲ 7.6% YoY · closed sales · July 2026
Sale-to-list ratio
98.5%
Closed sales · July 2026, seasonally adjusted
Homes sold / month
66
Closed sales · July 2026, seasonally adjusted

What is the Alexandria, MN housing market doing right now?

The Alexandria, MN housing market lists at a $427,000 median as of September 2026, down 13.7% year over year, with a 57-day median market time and 159 homes for sale (22% with a price cut). Active inventory is 63% of the 2019 level, reading as a balanced market under WealthyBud's published buyer/seller rule.

Alexandria housing market statistics

The table summarizes Alexandria'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 Alexandria.

Alexandria, MN housing market at a glance — September 2026
MetricLatestDetail
Median listing price$427,000-13.7% YoY
Median price per sq ft$2252,012 sq ft median
Median days on market57-13% YoY
Active listings1590% YoY
New listings this month60September 2026
Listings with a price cut22%Share of active
Median sale price (closed)$355,000+7.6% YoY · closed sales, July 2026
Sale-to-list ratio98.5%Closed sales, July 2026, seasonally adjusted
Pending-to-active ratio34.0%54 pending
Inventory vs 201963%Active listings vs same month in 2019

How have home prices changed in Alexandria?

Alexandria home prices are down 13.7% year over year and -5.1% month over month as of September 2026, at a $427,000 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.

$495K$463K$432K$400K Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26Q3'26

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

The 10-year view
$477K$421K$364K$307K '17'18'19'20'21'22'23'24'25'26

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

How much inventory is on the market in Alexandria?

Alexandria has 159 active listings, 60 new this month, 54 pending as of September 2026. About 22% of active listings have cut their price, and inventory sits at 63% of its 2019 level — a balanced market by pace.

Active listings
159
New this month
60
Pending
54
Price-reduced
34

Is Alexandria a good real estate investment?

Alexandria scores 44/100 on WealthyBud's composite Investor Score, ranking #574 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
44/100
#574 of 933 covered metros
12-month outlook
+0.4%
Flat · model output, not advice
Momentum
41
Value
36
Rental yield
9
Supply risk
19
Market heat
58

Alexandria scores 44/100 on our composite Investor Score (#574 of 933 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; active inventory sits at 63% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are down 13.7% 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 Alexandria ranks on the trending markets index.

How much is a monthly mortgage payment in Alexandria?

A home at Alexandria's $427,000 median listing runs about $2,337 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%
$2,110/mo
−$227/mo vs today
At today's rate · 7.28%
$2,337/mo
National weekly average
If rates rise 1% · 8.28%
$2,574/mo
+$236/mo vs today

Principal & interest on the $427,000 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 Alexandria?

To buy Alexandria’s $427,000 median listing with 20% down, a household needs about $113,000 a year in gross income, keeping principal, interest and property tax ($2,643/mo) at 28% of income. That is 1.5× the area’s $77,264 median household income, so a typical Alexandria household cannot afford the median listing on these terms.

Income needed to buy the median home in Alexandria, MN — September 2026
ItemAmountBasis
Median listing price$427,000September 2026
Down payment (20%)$85,400Assumption
Principal & interest (7.28%, 30-yr fixed)$2,337/moRate as of 2026-10-01
Property tax (0.86% effective rate)$306/moCensus ACS
Income needed (28% rule)$113,000Gross household income / yr
Median household income$77,264Census 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 Alexandria housing market?

Longer-run demand in Alexandria shows up in 335 homes permitted in 2025; net migration of +80 residents. Natural-hazard risk rates Relatively Low. These federal supply-pipeline, migration and jobs signals shape where prices head next.

Building permits (2025)
335
▲ 17.5% vs 2024
8.5 per 1,000 residents
Net migration (2022–2023)
+80
▲ people, via tax-return records
net income flow +$4.08M/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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Alexandria housing market FAQ

What is the median home price in Alexandria?
As of September 2026, the median listing price in Alexandria, MN is $427,000, down 13.7% year over year (source: public records and industry data). Figures cover the Alexandria, MN metro area.
How much does it cost to buy a home in Alexandria?
The median home listed in Alexandria asks $427,000 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $2,337 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Alexandria?
The median property in Alexandria spends 57 days on the market, with 159 homes actively listed and 22% of them carrying a price cut — a balanced market as of September 2026.
Is it a buyer's or seller's market in Alexandria?
With a median 57 days on market and 22% of active listings carrying a price cut, pending contracts at 34% of active listings, Alexandria 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 Alexandria a good place to invest in real estate?
Alexandria scores 44/100 on WealthyBud's Investor Score, ranking #574 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 Alexandria?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Alexandria 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 Alexandria, 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.

More Minnesota housing markets

Marcus Bell Real Estate Market Analyst

Marcus Bell leads market and career research at WealthyBud, turning public housing and labor data into plain-English answers for investors and agents. He focuses on U.S. metro housing markets, agent economics and licensing.

Editorial persona: WealthyBud bylines are editorial personas, not real individuals. Pages are produced by the WealthyBud research team from the public data cited on each page.