Albert Lea Township Housing Market Report March 2025•Freeborn County, Minnesota

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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?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

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

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$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

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Albert Lea
+8.5%
Albert Lea Township
+8.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1$116K$38K
-67.2%
2$115K$112.5K
-2.2%
3$156.4K$181K
+15.7%
4$217K$265K
+22.1%
5$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

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange 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

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
16Last MonthMar 2025
162 months agoFeb 2025
0.0 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
121
-50.0%
21220
+66.7%
33534
-2.9%
42222
0.0%
544
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?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

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

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange 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?

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Last updated on: 4/25/2025, 12:52:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.