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ALBERT LEA, MN 56007

Real Estate Market Report
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The ALBERT LEA, MN real estate market (56007) currently shows 120 active listings, with 31 pending sales. Homes are averaging 69 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 69 days on market compared to 62 days last year.

The median listing price has fallen 6.5% year-over-year, from $272,450 to $254,875.

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Market Context

Market Context

Population: 21,621  ·  Density: 49.3/mi²  ·  Median household income: $62,113

Typical home value: $148,009  ·  Homeownership: 74.8%

Market Overview

Active Listings
120
⇧ 4.3% vs 115 last year
Pending
31
26% pending ratio
Median Price
$254,875
⇩ 6.5% vs $272,450 last year
Average Price
$291,977
⇩ 10.7% vs $326,948 last year
Days on Market
69
⇧ 11.3% vs 62 days last year

Price Per Square Foot

Median $/sqft
$137
⇩ 1.4% vs $139/sqft last year
Median Home Size
1,938 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 120 this year vs 115 last year
  • Days on market: 69 now vs 62 last year

Median & Average Pricing

Year over Year
  • Median: $254,875 (-6.5% YoY)
  • Average: $291,977 (-10.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.1 miles — 221 listings ($62,665,002 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56007Albert Lea, MN 560070.0 mi75$20,849,850$216,150$277,998
56016Clarks Grove, MN 560167.2 mi1$269,900$269,900$269,900
56036Glenville, MN 560369.1 mi9$2,480,463$174,950$275,607
56009Alden, MN 5600911.8 mi11$3,066,668$289,900$278,788
56029Emmons, MN 5602914.0 mi3$697,500$220,500$232,500
56026Ellendale, MN 5602614.9 mi7$1,915,151$222,450$273,593
55912Austin, MN 5591216.7 mi83$25,805,945$235,475$310,915
56072New Richland, MN 5607218.8 mi6$1,395,240$229,900$232,540
55917Blooming Prairie, MN 5591719.8 mi8$2,069,400$254,900$258,675
55953Lyle, MN 5595320.2 mi3$219,801$89,900$73,267
56046Hope, MN 5604621.4 mi1$319,900$319,900$319,900
50446Joice, IA 5044623.2 mi2$318,000$159,000$159,000
50472Saint Ansgar, IA 5047225.1 mi12$3,257,184$268,425$271,432

Frequently Asked Questions

How many homes are for sale in ALBERT LEA, MN 56007?

As of September 2026, there are 120 active listings in ALBERT LEA, MN (zip code 56007), compared to 115 the prior year.

What is the median home price in ALBERT LEA, MN 56007?

The median listing price in ALBERT LEA, MN 56007 is $254,875 as of September 2026, a 6.5% decrease from $272,450 the prior year.

How long do homes stay on the market in ALBERT LEA, MN?

Homes in ALBERT LEA, MN 56007 spend an average of 69 days on the market before going under contract, compared to 62 days the prior year.

Is it a seller's or buyer's market in ALBERT LEA, MN 56007?

Based on current inventory and days-on-market data as of September 2026, ALBERT LEA, MN 56007 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 69 days on market compared to 62 days last year.

How much can I save on real estate commission in ALBERT LEA, MN?

With SELL123.com's maximum 3% commission, sellers in ALBERT LEA, MN 56007 save an estimated $5,098 compared to a typical 5% commission on the median listing price of $254,875. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.