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Albert Lea, MN 56007 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Albert Lea, MN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.00
ActiveActive listings: 4242PendingPending sales: 00
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 171 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $139k to $275k
$80k to $122k: 23 sales$80k$122k to $164k: 29 sales$164k to $206k: 37 sales37sales$164k$206k to $248k: 18 sales$248k to $289k: 16 sales$248k$289k to $331k: 21 sales$331k to $373k: 5 sales$331k$373k to $415k: 5 salesMedian $195k

What the numbers say

As of October 26, 2026, Resideline is tracking 42 active listings and 0 pending sales in ZIP code 56007. That pending-to-active ratio of 0.00 makes it a slower-moving market: listings are going under contract more slowly than in most ZIP codes Resideline tracks, which usually gives buyers more room to negotiate.

The median asking price of current listings is $249,900, while the median of the 171 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 83 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 171 closed sales tracked by Resideline. The middle half of those sales ranged from $138,900 to $275,000.

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

Resideline is currently tracking 0 pending sales against 42 active listings in 56007, a pending-to-active ratio of 0.00. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 56007 is currently a slower-moving market.

Nearby ZIP code market data

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