Comprehensive market data and analysis• Updated Oct 2026
999.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 2 | 7 |
| 1-2 acres | - | - | 1 | 2 |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | 1 | 1 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | 1 |
| TOTAL | 0 | 0 | 4 | 12 |
Acreage buckets
The median price for land in Albert Lea, Minnesota is currently $37K per acre. For a typical parcel, the median sale price is $23K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $11K while premium lots reached $50K.
The 12-month rate is 6.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 15 active listings in Albert Lea, Minnesota. 5 new listings have hit the market in the last 90 days. The median asking price is $49K.
Over the past 12 months, Albert Lea, Minnesota saw 11 properties sold, totaling $1.1M in sales volume.
The top-performing broker in this market is Unique Realty.
Land in Albert Lea, Minnesota averages $38K per acre. The median price per acre is $37K, which may be more representative of typical transactions. Most parcels sold are around 13,068 sq ft.
The median land price in Albert Lea, Minnesota stands at $23K. This translates to roughly $37K per acre for the typical parcel size. The average price is $103K, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Albert Lea on LandyDandy.
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