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Albert Lea, MN 56007 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Albert Lea, MN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.05
ActiveActive listings: 3939PendingPending sales: 22
Albert Lea, MN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $250k$250kSoldMedian sold price (last 6 months): $195k$195k
What homes actually sell for in Albert Lea, MN
Distribution of 165 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $140k to $275k
$90k to $129k: 26 sales$90k$129k to $168k: 26 sales$168k to $207k: 31 sales31sales$168k$207k to $246k: 20 sales$246k to $284k: 16 sales$246k$284k to $323k: 18 sales$323k to $362k: 7 sales$323k$362k to $401k: 4 salesMedian $195k

What the numbers say

As of October 5, 2026, Resideline is tracking 39 active listings and 2 pending sales in ZIP code 56007. That pending-to-active ratio of 0.05 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $249,900, while the median of the 165 closed sales Resideline tracked over the last six months was $195,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 56007 for 80 days.

Frequently asked questions

What is the median home price in 56007?

The median closed sale price in Albert Lea, MN 56007 was $195,000 over the last six months, based on 165 closed sales tracked by Resideline. The middle half of those sales ranged from $139,900 to $275,000.

Is 56007 a buyer's or seller's market?

Resideline is currently tracking 2 pending sales against 39 active listings in 56007, a pending-to-active ratio of 0.05. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 56007 currently looks like a balanced market.

Nearby ZIP code market data

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