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ALBERT LEA, MN 56007

Real Estate Market Report  ·  Freeborn County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
70
vs 70 last year
Pending
21
30% pending ratio
Median Price
$219,400
⇩ 7.8% vs $237,900 last year
Average Price
$299,704
⇧ 2.4% vs $292,714 last year
Days on Market
86
⇧ 21.1% vs 71 days last year

Market Context

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

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

Market Analysis

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

The ALBERT LEA, MN real estate market (56007) currently shows 70 active listings, with 21 pending sales. Homes are averaging 86 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 86 days on market compared to 71 days last year.

The median listing price has fallen 7.8% year-over-year, from $237,900 to $219,400.

Whether you are buying or selling in ALBERT LEA, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 86 now vs 71 last year

Median & Average Pricing

Year over Year
  • Median: $219,400 (-7.8% YoY)
  • Average: $299,704 (+2.4% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.4 miles — 204 listings ($57,523,588 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56007Albert Lea, MN 560070.0 mi70$20,979,280$219,400$299,704
56016Clarks Grove, MN 560167.2 mi1$269,900$269,900$269,900
56036Glenville, MN 560369.1 mi7$2,061,850$174,950$294,550
56029Emmons, MN 5602914.0 mi3$663,999$249,000$221,333
56026Ellendale, MN 5602614.9 mi7$1,761,319$222,450$251,617
55912Austin, MN 5591216.7 mi92$26,575,672$224,999$288,866
56072New Richland, MN 5607218.8 mi6$1,368,198$224,900$228,033
55917Blooming Prairie, MN 5591719.8 mi10$2,904,570$214,999$290,457
55953Lyle, MN 5595320.2 mi2$119,800$59,900$59,900
50448Kensett, IA 5044821.8 mi2$156,000$78,000$78,000
50446Joice, IA 5044623.2 mi1$50,000$50,000$50,000
55970Rose Creek, MN 5597025.0 mi1$315,000$315,000$315,000
56091Waldorf, MN 5609125.4 mi2$298,000$149,000$149,000

Frequently Asked Questions

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

As of January 2026, there are 70 active listings in ALBERT LEA, MN (zip code 56007), compared to 70 the prior year.

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

The median listing price in ALBERT LEA, MN 56007 is $219,400 as of January 2026, a 7.8% decrease from $237,900 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 86 days on the market before going under contract, compared to 71 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 January 2026, ALBERT LEA, MN 56007 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 86 days on market compared to 71 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 $4,388 compared to a typical 5% commission on the median listing price of $219,400. 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.