Selling0 views · 2 answers
Is now a good time to sell 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
Probably not, unless you need to move. The Sold Score for Albert Lea is 37/100 in August 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 0.32 — the higher this is, the faster contracts come in relative to standing inventory. Active inventory is up +29.3% year over year, expanding the pool you're competing in. Median days on market sit at 60. 28.1% of active listings have already reduced asking 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
There are some things to consider if you're thinking about selling your home in Albert Lea right now. The median listing price is down from last year, and homes are staying on the market longer. You might face more competition from other sellers. If you are selling, be realistic on price and willing to negotiate.
The median listing price in Albert Lea is $254,900. This is 7.3% lower than what it was over the past year, which means homes are generally listed for less money. However, prices did go up a little bit (2.0%) from the prior month.
There are more homes for sale compared to last year. Active listings are up by 29.3%, with 128 homes currently on the market. This means more choices for buyers and potentially more competition for your home.
Homes are taking longer to find a buyer. The median time a home stays on the market is 60 days, which is 17.8% longer than over the past year. Also, 15.7% of homes have had their prices reduced, suggesting sellers are adjusting their expectations.
New listings have decreased by 15.4% over the past year, with 44 new homes recently coming onto the market. Even with fewer new homes, the overall number of available homes has grown.
If you're planning to sell, setting the right price from the start and being prepared for a longer selling process will be important.