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Will my home sell in Albert Lea?

P

Primpted Housing Analyst

Updated monthly · Data through August 2026 · v268

Data-backed
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
It will take work. Albert Lea's Sold Score is 37/100 (Challenging Market Conditions) as of August 2026 — homes still sell, but pricing, presentation, and patience matter more than they did during the seller-friendly years. Buyers are converting active listings into contracts at a pending ratio of 0.32, the strongest single indicator that homes are moving. Inventory is up +29.3% year over year — your home is competing with more options. The typical home in Albert Lea sits 60 days on market before going under contract. About 28.1% of active listings have cut their price — pricing to the market on day one is the single biggest lever. Bottom line: in Albert Lea right now, your sale outcome is driven more by **list price and condition** than by macro market timing. A pricing analysis against the comps in your specific neighborhood is the best next step. — 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-backed

Primpted research desk

Your home in Albert Lea has a good chance of selling, though it might take a bit longer than before. There are more homes for sale right now, and prices have adjusted downward over the past year. The median listing price is $254,900. This price went up 2.0% in the most recent month but is down 7.3% compared to a year ago. This suggests prices have softened from last year, but saw a recent small increase. There are 128 active listings, which is 29.3% more than a year ago. However, new listings are down 15.4% over the past year, with 44 new homes recently added. This means there's more competition from existing homes, but fewer *brand new* homes entering the market. Homes are taking longer to sell, with a median of 60 days on the market. This is 17.8% longer than a year ago. About 15.7% of homes have had a price reduction, which is slightly less than last year. Fewer homes are going under contract, with 41 pending listings and a pending ratio of 0.32, down 6.3% from a year ago. This indicates slightly slower buyer activity compared to a year ago. If you're looking to sell, pricing your home competitively and being prepared for it to be on the market for a couple of months will be important.

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