Market Intelligence Report — MN-660

Albert Lea, MN

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-MN-08
As of the latest 2026 data
Cooling

Median Listing

$255K
-7.3% YoY

Pending Ratio

0.32
-6.3% YoY

Active Inventory

128
+29.3% YoY

Median DOM

60 Days
+17.8% YoY

Primary Intelligence Tool — Sold Score™

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The Albert Lea, MN housing market is characterized as Cooling, with a pending ratio of 0.32 indicating reduced demand absorption relative to available supply. Active listings have expanded significantly year-over-year by 29.3%, contributing to the decelerated market pace.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Albert Lea market right now.

Inventory levels have seen substantial expansion, with active listings increasing by 29.3% over the past year. This growth occurs despite a 15.4% year-over-year decline in new listings. Median listing prices show a year-over-year contraction of 7.3%, while the median price per square foot exhibits a modest 1.1% increase. The pending ratio has experienced a 6.3% decline over the past year, signaling a slower absorption rate of available properties.

Historical Analysis

Market Trends

Median Price

$255K+2.0% MoM

Active Inventory

128+29.3% YoY

Days on Market

60+17.8% YoY

Sold Score™

37-6.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

37
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The current market dynamics suggest that demand absorption is lagging supply, leading to increased inventory pressure. The elevated number of active listings and longer median days on market, which increased by 17.8% year-over-year, indicate a need for greater price discipline to attract buyer interest and facilitate transaction velocity. The negotiating leverage has shifted as the pace of sales has slowed.

Luxury Segment

Average listing prices have declined by 5.5% over the past year, while median listing prices decreased by 7.3%. The spread between the average and median listing price indicates some potential softening within higher price tiers, but the median price per square foot remains relatively stable.

Supply Dynamics

128 active listings represent the current floor, with new supply arriving at roughly 44 per month.

Pricing Pressure
15.7%

of active listings carry a price reduction, -1.9% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +1.1% year-over-year.

Absorption
0.32

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Albert Lea, MN? Homes here are taking 9 days longer to sell than last year.

Buyers have leverage in Albert Lea, MN. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
32%
Median Days on Market
60 days
Inventory YoY
+29%

In a buyer's market, strategy beats timing. See how your home scores in Albert Lea, MN and what moves the number.

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Metro Demographics

Metro Area
Albert Lea, MN
CBSA Code
10660
State
MN
Analysis FAQ
  • What is the current market condition in Albert Lea?+

    As of the latest 2026 data, the Albert Lea metro is classified as Cooling. Pending ratio is 0.32 with median days on market at 60.

  • Are home prices dropping in Albert Lea?+

    Median listing price is $255K, -7.3% year over year. 15.7% of active listings carry a price reduction.

  • How fast are homes selling in Albert Lea?+

    The typical listing sits 60 days on market, a +17.8% change YoY. New listings are arriving at 44 per month.

  • What's happening in the Albert Lea luxury market?+

    Average listing prices have declined by 5.5% over the past year, while median listing prices decreased by 7.3%. The spread between the average and median listing price indicates some potential softening within higher price tiers, but the median price per square foot remains relatively stable.

  • Where can I find a trusted Albert Lea real estate expert?+

    Primpted maintains a vetted registry of Albert Lea agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 10660 · 36mo history