Local Market0 views · 2 answers
Are buyers active in Albert Lea?
P
Primpted Housing Analyst
Updated monthly · Data through May 2026 · v265
- Sold Score
- 34/100
- YoY Challenging Market Conditions
- Pending ratio
- 0.41
- YoY contracts vs active
- Inventory YoY
- +0.3%
- YoY active listings
- Median DOM
- 59
- YoY days on market
- Price cuts
- 34.4%
- YoY of active listings
Buyer demand in Albert Lea is **actively shopping** as of May 2026. The pending ratio is 0.41 — that's contracts under negotiation versus the homes available to buy.
Homes take a median of 59 days to go under contract. Active inventory is +31.0% year over year, giving buyers more choice and slower-paced decisions. Sellers are responding: 34.4% of listings have cut price. Overall, the Primpted Sold Score for Albert Lea is 34/100 (Challenging Market Conditions).
— Live indicators (May 2026): Sold Score: 34/100 (Challenging Market Conditions) · Pending ratio: 0.41 · Inventory YoY: +31.0% · Median days on market: 59 · Sellers cutting price: 34.4% · Median listing price: $249,900 (-8.8% YoY)
Albert Lea snapshot
As of the latest 2026 data- Median listing
- $250K
- YoY -0.1%
- Active inventory
- 109
- YoY +0.4%
- Median DOM
- 56
- YoY +0.0%
- Pending ratio
- 0.35
- YoY -0.2%
- Price-reduced
- 22.6%
- YoY -0.0%
P
Primpted Housing Analyst
Data-backedPrimpted research desk
The latest data suggests that buying activity in Albert Lea is not very strong right now. The number of homes going under contract has dropped significantly compared to last year. Only about a third of all active listings are currently pending a sale. This means that for every 10 homes on the market, only 3-4 have a buyer lined up.The median listing price in Albert Lea is $249,900, which is nearly 4% lower than the previous month and almost 9% lower than last year. This suggests that sellers are adjusting their prices downwards, possibly to attract more buyers.There are 109 active listings, which is a big jump—almost 40% more than last year. New listings have also increased by nearly 60% compared to last year, with 54 new homes hitting the market. This means buyers have much more to choose from.Homes are also staying on the market for an average of 56 days, which is about the same as last year. Roughly 23% of homes have also had a price drop, which is a strong signal that sellers are trying to capture buyer attention in a competitive market.For buyers, this could be a good time to find a home. There are more choices, and prices are coming down, which could give you more negotiating power.