Local Market0 views · 2 answers
How competitive is the Albert Lea housing market?
P
Primpted Housing Analyst
Updated monthly · Data through September 2026 · v269
- Sold Score
- 42/100
- YoY Fair Chance of Selling
- Pending ratio
- 0.33
- YoY contracts vs active
- Inventory YoY
- +0.2%
- YoY active listings
- Median DOM
- 67
- YoY days on market
- Price cuts
- 23.0%
- YoY of active listings
Albert Lea is moderately competitive as of September 2026, with a Sold Score of 42/100 (Fair Chance of Selling).
**Pending ratio** is 0.33 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow.
**Inventory change YoY** is +22.7% — more choices for buyers than a year ago.
**Median days on market** is 67. Faster than 30 days means buyers are deciding quickly.
**Price-reduction share** is 23.0% of active listings — above 25% signals sellers are widely overshooting list price.
— Live indicators (September 2026): Sold Score: 42/100 (Fair Chance of Selling) · Pending ratio: 0.33 · Inventory YoY: +22.7% · Median days on market: 67 · Sellers cutting price: 23.0% · Median listing price: $249,950 (-10.6% YoY)
Albert Lea snapshot
As of the latest 2026 data- Median listing
- $250K
- YoY -0.1%
- Active inventory
- 122
- YoY +0.2%
- Median DOM
- 67
- YoY +0.1%
- Pending ratio
- 0.33
- YoY -0.2%
- Price-reduced
- 13.7%
- YoY -0.1%
P
Primpted Housing Analyst
Data-backedPrimpted research desk
Really, the Albert Lea housing market is not very competitive right now. There are more homes available, and they are staying on the market longer. This means buyers might have more choices and time to decide.
There are 122 homes actively for sale, which is a big jump (over 22%) from this time last year. At the same time, fewer new homes (34) are coming onto the market compared to a year ago, but the overall supply is still up.
Homes are also taking longer to sell, staying on the market for a median of 67 days. This is about a week longer than last year. This longer time allows buyers more breathing room.
Prices have been trending down. The median listing price is $249,950, which is over 10% lower than a year ago and nearly 2% less than the prior month. Also, fewer homes are going under contract quickly; for every 100 active listings, about 33 are pending, which is a noticeable drop from last year.
For buyers, this could be a good time to look for a home, as you might find more options and potentially negotiate a better price. Sellers might need to be patient and price their homes competitively to attract buyers.