Is Albert Lea, MN a buyer's market or a seller's market?
Albert Lea, MN is a seller's market right now. There are 120 homes for sale, and at the current pace of sales it would take about 2.9 months to sell all of them.
The rule of thumb agents use: under three months of homes for sale favors sellers, over five months favors buyers, and in between is a fair fight. Albert Lea, MN sits at 2.9.
There are more buyers than homes for sale. Sellers have the edge. The typical home took 41 days to go under contract, and 20% of sales closed above the asking price.
The number of homes for sale is 36% higher than a year ago. More choice for buyers means more competition between sellers.
Source: Redfin's published market data for the Albert Lea, MN area, through May 2026.
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More about the Albert Lea, MN market
- When is the best month to sell a house in Albert Lea, MN?
- How long does it take to sell a house in Albert Lea, MN?
- Do homes sell above asking price in Albert Lea, MN?
- Are home prices going up or down in Albert Lea, MN?
- How many homes are for sale in Albert Lea, MN?
- All Albert Lea, MN housing numbers
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Figures come from Redfin's published market data for the Albert Lea, MN area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.