12 hours on Rocket
$1,638 Closing Credit¹
#6697391, Listing Office: Leland Realty
Albert Lea Township Housing Market Report March 2025•Freeborn County, Minnesota
Housing Prices in Albert Lea Township, MN
How much do homes in Albert Lea Township, MN cost?
Housing Market Conditions
Is Albert Lea Township, MN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Albert Lea Township is a Seller's Market
Difference Since March 2024
Since last year, Albert Lea Township has remained a Seller's Market.
Insight
Albert Lea Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$173,700$115/SqFt
+$13,650
+8.5%
Based on all homes sold in the last 12 months
Insight
Homes in Albert Lea Township have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Albert Lea Township was $173,700 in March 2025, up 8.5% from last year, and the median price per square foot was $115.
Median Sold Price By Cities
| City | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| Albert Lea | $160K | $173.7K | +8.5% |
| Albert Lea Township | $160K | $173.7K | +8.5% |
Median Sold Price By Bedrooms
| Beds | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $116K | $38K | -67.2% |
| 22 Bedrooms | $115K | $112.5K | -2.2% |
| 33 Bedrooms | $156.4K | $181K | +15.7% |
| 44 Bedrooms | $217K | $265K | +22.1% |
| 55+ Bedrooms | $303.5K | $369.5K | +21.7% |
Summary: Albert Lea Township housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -67.2%. The home price for 2 bedroom homes decreased by -2.2%. The home price for 3 bedroom homes increased by +15.7%. The home price for 4 bedroom homes increased by +22.1%. The home price for 5 bedroom homes increased by +21.7%.
How does Albert Lea Township, MN compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Albert Lea Township, MN
Housing supply in Albert Lea Township, MN
How many homes are available in Albert Lea Township, MN?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 81Last MonthMar 2025 | ||
| 752 months agoFeb 2025 | +8.0 % Change MoMFeb – Mar |
Summary: The Albert Lea Township real estate market had 81 homes for sale in Mar 2025, a 8.0 % increase compared to Feb 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 16Last MonthMar 2025 | ||
| 162 months agoFeb 2025 | 0.0 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 2 | 1 | -50.0% |
| 22 Bedrooms | 12 | 20 | +66.7% |
| 33 Bedrooms | 35 | 34 | -2.9% |
| 44 Bedrooms | 22 | 22 | 0.0% |
| 55+ Bedrooms | 4 | 4 | 0.0% |
Summary: Albert Lea Township housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes increased by +66.7%. The inventory for 3 bedroom homes decreased by -2.9%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Albert Lea Township, MN cost?
Over Asking Price9 Homes
At Asking Price2 Homes
Under Asking Price5 Homes
Insight
If you're buying a home in Albert Lea Township, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Albert Lea Township in March 2025, the same as the previous month. Of the 16 sold homes, 31% were sold under asking, 13% were sold at asking, and and 56% were sold over asking.
Days on Market for Albert Lea Township, MN
How long does it take to sell a home in Albert Lea Township, MN?
Breakdown of Home Sale Times
Under 30 Days4 Homes
30 – 90 Days4 Homes
Over 90 Days8 Homes
Insight
Most homes in Albert Lea Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2025, 16 homes were sold in Albert Lea Township; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 115 DaysThis YearMar 2025 | ||
| 80 Days1 year agoMar 2024 | +42.7 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in Albert Lea Township had an average listing age of 115 days in Mar 2025, up by 42.7% compared to the previous year.
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Newest Listings in Albert Lea Township, MN
What homes are available in Albert Lea Township, MN?
1 day on RocketTour
$3,443 Closing Credit¹
#6695554, Listing Office: Leland Realty
Coming soon
$2,671 Closing Credit¹
#6696727, Listing Office: Coldwell Banker River Valley, REALTORS
2 days on Rocket
#6696317, Listing Office: Edina Realty, Inc.
2 days on RocketTour
$3,918 Closing Credit¹
#6694369, Listing Office: Leland Realty
3 days on Rocket
$1,306 Closing Credit¹
#6695368, Listing Office: Century 21 Atwood
4 days on Rocket
$2,374 Closing Credit¹
#6694668, Listing Office: Coldwell Banker River Valley, REALTORS
4 days on Rocket
$4,453 Closing Credit¹
#6692989, Listing Office: Edina Realty, Inc.
Tour
$2,197 Closing Credit¹
#6690291, Listing Office: Leland Realty
$1,186 Closing Credit¹
#6690121, Listing Office: Northstar Real Estate Associates
$1,722 Closing Credit¹
#6686595, Listing Office: Bridge Realty, LLC
$2,374 Closing Credit¹
#6683611, Listing Office: RE/MAX Venture
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Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., for the period 04/01/2023 - 04/01/2025
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Last updated on: 4/5/2025, 12:52:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.