Local Market0 views · 2 answers
How competitive is the Albert Lea housing market?
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
Albert Lea is moderately competitive as of May 2026, with a Sold Score of 34/100 (Challenging Market Conditions).
**Pending ratio** is 0.41 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow.
**Inventory change YoY** is +31.0% — more choices for buyers than a year ago.
**Median days on market** is 59. Faster than 30 days means buyers are deciding quickly.
**Price-reduction share** is 34.4% of active listings — above 25% signals sellers are widely overshooting list price.
— 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 Albert Lea housing market is not very competitive right now. There are more homes for sale, and homes are staying on the market longer.