Local Market0 views · 2 answers
How competitive is the Albert Lea housing market?
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
Albert Lea is moderately competitive as of August 2026, with a Sold Score of 37/100 (Challenging Market Conditions).
**Pending ratio** is 0.32 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow.
**Inventory change YoY** is +29.3% — more choices for buyers than a year ago.
**Median days on market** is 60. Faster than 30 days means buyers are deciding quickly.
**Price-reduction share** is 28.1% of active listings — above 25% signals sellers are widely overshooting list price.
— 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
{
"answer": "The Albert Lea housing market is leaning towards favoring buyers right now. Homes are staying on the market longer and there are more options available than there were over the past year."
}
The median listing price in Albert Lea is currently $254,900. While it went up slightly by 2.0% in the most recent month, it's actually 7.3% lower than it was a year ago. This means prices have softened a bit over the last twelve months.
There are 128 active listings, which is a significant jump of 29.3% compared to a year ago. This increase in available homes gives buyers more choices and less pressure to act quickly. However, new listings are down 15.4% year-over-year, meaning fewer new homes are coming onto the market recently.
Homes are also taking longer to sell, with a median of 60 days on the market. This is 17.8% longer than a year ago, indicating that buyers have more time to consider their options without feeling rushed. About 15.7% of homes have also seen a price reduction.
For buyers, this market means you have more homes to choose from, more time to make a decision, and prices that have generally come down from where they were last year. It could be a good time to find a home."
}