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Albert Lea, MN 56007 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Albert Lea, MN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.16
ActiveActive listings: 3737PendingPending sales: 66
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): $239k$239kSoldMedian sold price (last 6 months): $195k$195k
What homes actually sell for in Albert Lea, MN
Distribution of 161 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $145k to $271k
$90k to $131k: 24 sales$90k$131k to $171k: 27 sales$171k to $212k: 33 sales33sales$171k$212k to $252k: 22 sales$252k to $293k: 16 sales$252k$293k to $334k: 14 sales$334k to $374k: 5 sales$334k$374k to $415k: 3 salesMedian $195k

What the numbers say

As of September 14, 2026, Resideline is tracking 37 active listings and 6 pending sales in ZIP code 56007. That pending-to-active ratio of 0.16 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $238,750, while the median of the 161 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 67 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 161 closed sales tracked by Resideline. The middle half of those sales ranged from $145,000 to $271,000.

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

Resideline is currently tracking 6 pending sales against 37 active listings in 56007, a pending-to-active ratio of 0.16. 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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