Local Market0 views · 2 answers
Are buyers active in Albert Lea?
P
Primpted Housing Analyst
Updated monthly · Data through August 2026 · v268
- Sold Score
- 37/100
- YoY Challenging Market Conditions
- Pending ratio
- 0.32
- YoY contracts vs active
- Inventory YoY
- +0.3%
- YoY active listings
- Median DOM
- 60
- YoY days on market
- Price cuts
- 28.1%
- YoY of active listings
Buyer demand in Albert Lea is **actively shopping** as of August 2026. The pending ratio is 0.32 — that's contracts under negotiation versus the homes available to buy.
Homes take a median of 60 days to go under contract. Active inventory is +29.3% year over year, giving buyers more choice and slower-paced decisions. Sellers are responding: 28.1% of listings have cut price. Overall, the Primpted Sold Score for Albert Lea is 37/100 (Challenging Market Conditions).
— Live indicators (August 2026): Sold Score: 37/100 (Challenging Market Conditions) · Pending ratio: 0.32 · Inventory YoY: +29.3% · Median days on market: 60 · Sellers cutting price: 28.1% · Median listing price: $254,900 (-7.3% YoY)
Albert Lea snapshot
As of the latest 2026 data- Median listing
- $255K
- YoY -0.1%
- Active inventory
- 128
- YoY +0.3%
- Median DOM
- 60
- YoY +0.2%
- Pending ratio
- 0.32
- YoY -0.1%
- Price-reduced
- 15.7%
- YoY -0.0%
P
Primpted Housing Analyst
Data-backedPrimpted research desk
Really, buyers in Albert Lea are moving a bit slower right now. Fewer homes are going under contract compared to last year, suggesting less urgency from buyers. There's also more competition for sellers with more homes on the market.
Right now, 41 homes are pending sale, which means buyers are making offers and moving forward with purchases. However, the pending ratio is 0.32, which is lower than last year. This ratio tells us fewer active listings are going under contract compared to before.
Buyers have more choices than they did a year ago. There are 128 active listings, which is almost 30% more homes available now. Despite this, new homes coming onto the market have slowed down a bit, with 44 new listings, a drop from last year.
Homes are also taking longer to sell. The typical home stays on the market for 60 days, about 18% longer than it did at this time last year. This longer timeline could give buyers more time to decide and negotiate.
For buyers, this means there are more homes to look at, and you might have a bit more time and room to negotiate on price compared to last year.