Selling0 views · 2 answers
Is now a good time to sell 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
Probably not, unless you need to move. The Sold Score for Albert Lea is 34/100 in May 2026 (Challenging Market Conditions) — homes still close, but you'll likely accept a longer timeline or a lower price than a year ago.
Pending ratio is 0.41 — the higher this is, the faster contracts come in relative to standing inventory. Active inventory is up +31.0% year over year, expanding the pool you're competing in. Median days on market sit at 59. 34.4% of active listings have already reduced asking 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
There are more homes for sale right now and prices are lower, which means it's likely a tougher time to sell than it was last year. The median listing price is $249,900.This price is down 3.9% from the previous month and down 8.8% compared to last year. This means homes are listed for less money now.There are 109 active listings, which is 39.7% more than last year, and 54 new listings, up 58.8% from last year. More homes on the market usually means more competition for sellers.Homes are staying on the market for a median of 56 days, about the same as last year. However, 22.6% of homes have had their prices reduced, which is a sign sellers are having to cut prices to find a buyer.The market has 38 pending listings, and 0.35 pending listings for every active listing. That's 23.5% fewer pending sales compared to last year, suggesting fewer deals are being made.If you're thinking about selling, be prepared for more competition and potentially lower offers than what you might have seen a year ago.