Albert Lea Mortgage Rates

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  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Loan Attributes
  • Market Conditions & Pricing
  • Time on Market/Property Size
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Albert Lea averaged 5.88% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

    The average rate for the prior week (2022-06-23) was 6.19% and one month ago for the week of 2022-05-26, the average rate was 5.58%.

    Albert Lea's average rate one year ago was 3.13%.

    For refis of the same type during the week of 2022-06-30, the average rate was 5.89%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2022-06-30 5.7%
    Albert Lea 30 Year Fixed Rate 2022-06-30 5.88%
    Albert Lea 30 Year Fixed Rate Refi 2022-06-30 5.89%
    Albert Lea 15 Year Fixed Rate 2022-06-30 5.69%
    Albert Lea 15 Year Fixed Rate Refi 2022-06-30 5.01%
    Albert Lea 30 Year FHA 2022-06-30 5.75%
    Albert Lea 30 Year FHA Refi 2022-06-30 5.85%
    Albert Lea 30 Year USDA 2022-06-30 5.7%
    Albert Lea 30 Year USDA Refi 2022-06-30 2.69%
    Albert Lea 30 Year VA 2022-06-30 5.76%
    Albert Lea 30 Year VA Refi 2022-06-30 5.39%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Albert Lea, MN.

    Albert Lea Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Albert Lea, MN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Home Federal Savings Bank 52 3.25% $3,361
    QUICKEN LOANS, LLC 39 3.22% $4,034
    GUARANTEED RATE, INC. 32 2.93% $4,440
    Wells Fargo Bank 24 3.19% $2,362
    U.S. Bank 19 3.22% $2,437
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 15 3.21% $3,815
    UNITED WHOLESALE MORTGAGE, LLC 13 3.09% $3,126
    Citizens Community Federal 12 3.23% $3,204
    Manufacturers Bank & Trust Company 9 3.10% $4,918
    COMPEER FINANCIAL, FLCA 7 3.82% $3,399
    Plains Commerce Bank 7 3.21% $4,059
    Bremer Bank 5 2.98% $4,661
    LAND HOME FINANCIAL SERVICES, INC. 4 3.00% $5,381
    BAY EQUITY LLC 4 3.25% $3,314
    ALTRA 4 3.20% $2,631
    BROKER SOLUTIONS, INC. 4 3.09% $3,139
    PENNYMAC LOAN SERVICES, LLC 4 3.00% $3,738
    Mr. Cooper ( Nationstar Mortgage ) 4 3.44% $4,697
    HOMESIDE FINANCIAL, LLC 3 3.79% $3,370
    NEWREZ LLC 3 3.21% $3,975
    HomeTown Bank 3 2.92% $3,847
    Alerus Financial 3 2.88% $1,238
    Merchants Bank 3 3.03% $2,932
    AXIA FINANCIAL, LLC 3 2.75% $3,128
    LOANDEPOT.COM, LLC 3 3.63% $4,178
    Bell Bank 3 2.83% $3,276
    Flagstar Bank, FSB 3 3.17% $3,236
    Roundbank 2 2.69% $3,915
    Barrington Bank & Trust Company, N.A. 2 3.06% $3,536
    American Mortgage & Equity Consultants, Inc. 2 3.25% $3,074
    GUARANTY HOME MORTGAGE CORPORATION 2 3.31% $3,764
    AMERICAN FINANCING CORPORATION 2 3.00% $3,550
    JPMorgan Chase Bank 2 3.18% $1,949
    Lend Smart Mortgage, LLC 2 3.13% $5,664
    PLAZA HOME MORTGAGE, INC. 2 2.99% $2,540
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.19% $2,607
    BETTER MORTGAGE CORPORATION 1 3.25% $2,774
    First Guaranty Mortgage Corporation 1 2.88% $4,056
    First Federal Bank 1 3.38% $3,015
    AFFINITY PLUS 1 3.63% $3,519
    Midwest Heritage Bank FSB 1 2.88% $2,922
    Mortgage Research Center, LLC 1 2.75% $1,628
    Mortgages Unlimited Inc. 1 3.13% $5,504
    ENVOY MORTGAGE, LTD 1 2.99% $3,818
    MUTUAL OF OMAHA MORTGAGE, INC. 1 2.50% $2,907
    Colonial Savings, F.A. 1 3.88% $1,380
    Paramount Residential Mortgage Group, Inc. 1 3.13% $5,658
    Carrington Mortgage Services, LLC 1 3.38% $3,100
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.88% $5,699
    Ally Bank 1 4.00% $850
    Bank Iowa 1 2.63% $2,447
    BLACK HILLS FEDERAL CREDIT UNION 1 2.99% $2,857
    AMERISAVE MORTGAGE CORPORATION 1 3.50% $2,005
    ROYAL UNITED MORTGAGE LLC 1 3.00% $6,435
    Servion, Inc. 1 2.88% $4,325
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 3.25% $2,852
    SOVEREIGN LENDING GROUP INCORPORATED 1 2.88% $3,680
    KELLER MORTGAGE, LLC 1 3.25% $2,460
    Goldwater Bank, N.A. 1 3.13% $8,402

    Albert Lea, MN's 59 lenders originated 975 loans during 2021. The total origination value was $136,385,000, with an average loan value of $139,882.

    The top Albert Lea lender as defined by loan originations is Home Federal Savings Bank, with 52 loans originated. Their average total fees are $3,361, which is $673 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Albert Lea lenders (with over 10 loans originated) are Wells Fargo Bank ($2,362), U.S. Bank ($2,437), UNITED WHOLESALE MORTGAGE, LLC ($3,126), Citizens Community Federal ($3,204) and Home Federal Savings Bank ($3,361).

    The lowest rate Albert Lea lenders (with over 10 loans originated) are GUARANTEED RATE, INC. (2.93%), UNITED WHOLESALE MORTGAGE, LLC (3.09%), Wells Fargo Bank (3.19%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (3.21%) and QUICKEN LOANS, LLC (3.22%).

    Albert Lea, MN Lender Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    Home Federal Savings Bank $14,920,000 $16,740,000 12.2% 12.3%
    QUICKEN LOANS, LLC $12,005,000 $14,715,000 22.6% 10.8%
    GUARANTEED RATE, INC. $2,835,000 $12,605,000 344.6% 9.2%
    U.S. Bank $9,695,000 $10,140,000 4.6% 7.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $9,785,000 $7,435,000 -24.0% 5.5%
    Wells Fargo Bank $4,065,000 $6,300,000 55.0% 4.6%
    Citizens Community Federal $2,820,000 $4,815,000 70.7% 3.5%
    Manufacturers Bank & Trust Company $4,900,000 $4,240,000 -13.5% 3.1%
    COMPEER FINANCIAL, FLCA $6,305,000 $4,045,000 -35.8% 3.0%
    UNITED WHOLESALE MORTGAGE, LLC $3,045,000 $3,720,000 22.2% 2.7%
    Farmers State Bank $1,390,000 $3,130,000 125.2% 2.3%
    FREEDOM MORTGAGE CORPORATION $1,560,000 $1,870,000 19.9% 1.4%
    LAND HOME FINANCIAL SERVICES, INC. $2,650,000 $1,710,000 -35.5% 1.3%
    Mortgage Research Center, LLC $1,745,000 $1,700,000 -2.6% 1.2%
    Merchants Bank $975,000 $1,645,000 68.7% 1.2%
    Bremer Bank $3,500,000 $1,635,000 -53.3% 1.2%
    Mr. Cooper ( Nationstar Mortgage ) $1,060,000 $1,585,000 49.5% 1.2%
    PENNYMAC LOAN SERVICES, LLC $185,000 $1,540,000 732.4% 1.1%
    LOANDEPOT.COM, LLC $1,060,000 $1,475,000 39.2% 1.1%
    BROKER SOLUTIONS, INC. $1,035,000 $1,470,000 42.0% 1.1%
    NEW DAY FINANCIAL, LLC $370,000 $1,465,000 295.9% 1.1%
    NEWREZ LLC $725,000 $1,415,000 95.2% 1.0%
    LAKEVIEW LOAN SERVICING, LLC $1,380,000 n/a 1.0%
    Bell Bank $705,000 $1,225,000 73.8% 0.9%
    Plains Commerce Bank $1,970,000 $1,160,000 -41.1% 0.9%
    BAY EQUITY LLC $1,000,000 $1,100,000 10.0% 0.8%
    ALTRA $25,000 $940,000 3,660.0% 0.7%
    HomeTown Bank $1,695,000 $910,000 -46.3% 0.7%
    AMERISAVE MORTGAGE CORPORATION $365,000 $865,000 137.0% 0.6%
    Barrington Bank & Trust Company, N.A. $1,440,000 $795,000 -44.8% 0.6%
    Lend Smart Mortgage, LLC $280,000 $735,000 162.5% 0.5%
    First Guaranty Mortgage Corporation $105,000 $705,000 571.4% 0.5%
    American Mortgage & Equity Consultants, Inc. $105,000 $645,000 514.3% 0.5%
    AXIA FINANCIAL, LLC $1,065,000 $645,000 -39.4% 0.5%
    HOMESIDE FINANCIAL, LLC $155,000 $555,000 258.1% 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $225,000 $530,000 135.6% 0.4%
    Bank Iowa $495,000 n/a 0.4%
    TOWNE MORTGAGE COMPANY $1,320,000 $495,000 -62.5% 0.4%
    AFFINITY PLUS $165,000 $490,000 197.0% 0.4%
    Flagstar Bank, FSB $455,000 $475,000 4.4% 0.3%
    Roundbank $1,130,000 $465,000 -58.8% 0.3%
    Bank of America $125,000 $430,000 244.0% 0.3%
    GUARANTY HOME MORTGAGE CORPORATION $495,000 $430,000 -13.1% 0.3%
    KELLER MORTGAGE, LLC $95,000 $430,000 352.6% 0.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $1,030,000 $430,000 -58.3% 0.3%
    USAA Federal Savings Bank $975,000 $415,000 -57.4% 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $220,000 $405,000 84.1% 0.3%
    CHERRY CREEK MORTGAGE, LLC $395,000 n/a 0.3%
    Servion, Inc. $670,000 $395,000 -41.0% 0.3%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $165,000 $380,000 130.3% 0.3%
    PLAZA HOME MORTGAGE, INC. $260,000 $375,000 44.2% 0.3%
    SOVEREIGN LENDING GROUP INCORPORATED $375,000 n/a 0.3%
    Goldwater Bank, N.A. $355,000 n/a 0.3%
    CALIBER HOME LOANS, INC. $200,000 $350,000 75.0% 0.3%
    AMERICAN FINANCING CORPORATION $465,000 $330,000 -29.0% 0.2%
    NAVY FEDERAL CREDIT UNION $585,000 $330,000 -43.6% 0.2%
    IOWA BANKERS MORTGAGE CORPORATION $210,000 $320,000 52.4% 0.2%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $310,000 $315,000 1.6% 0.2%
    Alerus Financial $230,000 $305,000 32.6% 0.2%
    QUORUM FEDERAL CREDIT UNION $300,000 n/a 0.2%
    Carrington Mortgage Services, LLC $185,000 $295,000 59.5% 0.2%
    Cornerstone First Mortgage, Inc $275,000 n/a 0.2%
    First Federal Bank $890,000 $275,000 -69.1% 0.2%
    BETTER MORTGAGE CORPORATION $270,000 n/a 0.2%
    Midwest Heritage Bank FSB $125,000 $270,000 116.0% 0.2%
    Community Bank Mankato $475,000 $260,000 -45.3% 0.2%
    21ST MORTGAGE CORPORATION $100,000 $255,000 155.0% 0.2%
    ENVOY MORTGAGE, LTD $255,000 n/a 0.2%
    Mortgages Unlimited Inc. $110,000 $255,000 131.8% 0.2%
    ROYAL UNITED MORTGAGE LLC $65,000 $255,000 292.3% 0.2%
    RESULTS MORTGAGE, LLC $215,000 $245,000 14.0% 0.2%
    Frandsen Bank & Trust $205,000 $235,000 14.6% 0.2%
    AMERICAN FINANCIAL NETWORK, INC. $225,000 n/a 0.2%
    Cambria Financial Group, LLC $470,000 $225,000 -52.1% 0.2%
    Northview Bank $215,000 n/a 0.2%
    First Alliance Credit Union $205,000 n/a 0.2%
    KS StateBank $205,000 n/a 0.2%
    Prosperity Home Mortgage, LLC $450,000 $205,000 -54.4% 0.2%
    BELEM SERVICING LLC $185,000 n/a 0.1%
    Paramount Residential Mortgage Group, Inc. $185,000 n/a 0.1%
    ACADEMY MORTGAGE CORPORATION $180,000 n/a 0.1%
    JPMorgan Chase Bank $240,000 $170,000 -29.2% 0.1%
    BankVista $135,000 $165,000 22.2% 0.1%
    Gate City Bank $165,000 n/a 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $165,000 n/a 0.1%
    Flanagan State Bank $90,000 $160,000 77.8% 0.1%
    HIWAY $160,000 n/a 0.1%
    The Huntington National Bank $155,000 n/a 0.1%
    Foresight Bank $150,000 n/a 0.1%
    Heritage Bank $150,000 n/a 0.1%
    First Bank & Trust $55,000 $145,000 163.6% 0.1%
    HOME POINT FINANCIAL CORPORATION $75,000 $145,000 93.3% 0.1%
    Bankers' Bank $135,000 n/a 0.1%
    BLACK HILLS FEDERAL CREDIT UNION $135,000 n/a 0.1%
    InterContinental Capital Group, Inc $135,000 n/a 0.1%
    WINGS FINANCIAL $135,000 $130,000 -3.7% 0.1%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $125,000 n/a 0.1%
    RUOFF MORTGAGE COMPANY, INC. $125,000 n/a 0.1%
    Strong Home Mortgage, LLC $125,000 n/a 0.1%
    Ally Bank $115,000 n/a 0.1%
    Colonial Savings, F.A. $115,000 n/a 0.1%
    Minnwest Bank $115,000 n/a 0.1%
    Sierra Pacific Mortgage Company, Inc. $115,000 n/a 0.1%
    Think Mutual Bank $480,000 $115,000 -76.0% 0.1%
    WNB Financial, N.A. $115,000 n/a 0.1%
    MANN FINANCIAL INC. $105,000 n/a 0.1%
    SOFI LENDING CORP. $105,000 n/a 0.1%
    WESTconsin Credit Union $105,000 n/a 0.1%
    Lake Area Bank $85,000 n/a 0.1%
    Minnesota Valley Federal Credit Union $75,000 $85,000 13.3% 0.1%
    Fidelity Bank $75,000 n/a 0.1%
    JMAC LENDING, INC. $75,000 n/a 0.1%
    Neighborhood National Bank $75,000 n/a 0.1%
    Royal Credit Union $75,000 n/a 0.1%
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION $60,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $55,000 n/a 0.0%
    MAYO EMPLOYEES FEDERAL CREDIT UNION $55,000 n/a 0.0%
    Old National Bank $145,000 $55,000 -62.1% 0.0%

    Albert Lea's top lender by overall market share is Home Federal Savings Bank, with 12.3% market share. In second place, with 10.8%, is QUICKEN LOANS, LLC, having originated $14,715,000 in loans. In third place, with 9.2%, is GUARANTEED RATE, INC., having originated $12,605,000 in loans. In third place, with 7.4%, is U.S. Bank, having originated $10,140,000 in loans. In third place, with 5.5%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $7,435,000 in loans.

    Albert Lea, MN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 391 $58,375,000 $149,297
    Refi 330 $45,460,000 $137,758
    Cash Out Refi 226 $31,000,000 $137,168
    Home Improvement 16 $960,000 $60,000
    Other 12 $590,000 $49,167

    Albert Lea's most frequently cited loan purpose was Home Purchase, with 391 originations. The 2nd most popular reason was Refi, with 330 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    2.5-3% 357 $52,855,000 $148,053
    3-4% 317 $46,065,000 $145,315
    <2.5% 228 $30,230,000 $132,588
    4-5% 46 $5,550,000 $120,652
    5-6% 7 $335,000 $47,857
    Over 8% 4 $200,000 $50,000
    6-7% 3 $75,000 $25,000
    7-8% 1 $85,000 $85,000

    During 2021, Albert Lea's most frequently originated rate bucket was 2.5-3%, with 357 originations.

    Loan Sizing (Albert Lea, MN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 481 $68,215,000 $141,819
    $100,000 or less 332 $21,840,000 $65,783
    $200k-400k 148 $37,690,000 $254,662
    $400k-600k 12 $5,510,000 $459,167
    $600k-1000k 1 $785,000 $785,000
    $Over $1MM 1 $2,345,000 $2,345,000

    Albert Lea's loan sizing saw the bucket of loans from $100k-200k with 481 originations, totaling $68,215,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 384 $60,900,000 $158,594
    60-80% 316 $46,070,000 $145,791
    40-60% 140 $17,010,000 $121,500
    20-40% 55 $5,385,000 $97,909
    Under 20% 44 $970,000 $22,045
    Over 100% 9 $1,985,000 $220,556

    Albert Lea's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 384 originations, totaling $60,900,000 in origination value.

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Albert Lea (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $85,200 (-18.8%) $139,778 (-0.1%) 0.00 84
    2018-02-01 $96,200 (-3.7%) $144,078 (-1.6%) 0.00 73
    2018-03-01 $109,900 (12.8%) $140,876 (-3.0%) 0.00 72
    2018-04-01 $142,450 (26.1%) $160,681 (5.4%) 0.00 65
    2018-05-01 $158,400 (32.1%) $181,146 (19.8%) 0.00 82
    2018-06-01 $149,900 (16.3%) $179,108 (8.7%) 0.00 103
    2018-07-01 $129,900 (8.3%) $165,643 (1.9%) 0.00 96
    2018-08-01 $122,400 (8.9%) $159,835 (1.9%) 0.00 91
    2018-09-01 $119,900 (9.1%) $161,304 (2.6%) 0.00 87
    2018-10-01 $129,900 (18.2%) $163,838 (3.5%) 0.00 100
    2018-11-01 $128,400 (19.0%) $155,268 (-0.6%) 0.00 101
    2018-12-01 $129,900 (47.6%) $158,308 (10.3%) 0.00 99
    2019-01-01 $140,950 (65.4%) $177,228 (26.8%) 0.00 72
    2019-02-01 $142,400 (48.0%) $179,168 (24.4%) 0.00 58
    2019-03-01 $145,471 (32.4%) $182,168 (29.3%) 0.00 70
    2019-04-01 $153,900 (8.0%) $185,599 (15.5%) 0.00 86
    2019-05-01 $156,400 (-1.3%) $185,039 (2.2%) 0.00 94
    2019-06-01 $164,900 (10.0%) $190,022 (6.1%) 0.00 95
    2019-07-01 $164,900 (26.9%) $185,549 (12.0%) 0.00 100
    2019-08-01 $154,186 (26.0%) $177,576 (11.1%) 0.00 109
    2019-09-01 $159,900 (33.4%) $180,974 (12.2%) 0.00 114
    2019-10-01 $149,900 (15.4%) $175,778 (7.3%) 0.00 125
    2019-11-01 $150,000 (16.8%) $178,099 (14.7%) 0.00 124
    2019-12-01 $142,900 (10.0%) $169,673 (7.2%) 0.00 115
    2020-01-01 $139,250 (-1.2%) $169,683 (-4.3%) 0.00 105
    2020-02-01 $142,900 (0.4%) $174,651 (-2.5%) 0.00 91
    2020-03-01 $144,900 (-0.4%) $176,240 (-3.3%) 0.00 97
    2020-04-01 $149,900 (-2.6%) $173,987 (-6.3%) 0.00 98
    2020-05-01 $158,900 (1.6%) $186,281 (0.7%) 0.00 102
    2020-06-01 $154,900 (-6.1%) $190,706 (0.4%) 0.00 90
    2020-07-01 $152,450 (-7.6%) $201,787 (8.8%) 0.00 77
    2020-08-01 $159,900 (3.7%) $207,549 (16.9%) 0.00 83
    2020-09-01 $152,400 (-4.7%) $196,305 (8.5%) 0.00 74
    2020-10-01 $148,500 (-0.9%) $189,633 (7.9%) 0.00 69
    2020-11-01 $134,900 (-10.1%) $165,890 (-6.9%) 0.00 66
    2020-12-01 $122,400 (-14.4%) $160,381 (-5.5%) 0.00 52
    2021-01-01 $127,000 (-8.8%) $163,177 (-3.8%) 0.00 35
    2021-02-01 $122,400 (-14.4%) $173,673 (-0.6%) 0.00 28
    2021-03-01 $146,450 (1.1%) $189,146 (7.3%) 0.00 27
    2021-04-01 $157,450 (5.0%) $205,879 (18.3%) 0.00 20
    2021-05-01 $179,900 (13.2%) $226,300 (21.5%) 0.00 27
    2021-06-01 $199,900 (29.1%) $240,449 (26.1%) 0.00 27
    2021-07-01 $167,400 (9.8%) $218,297 (8.2%) 0.00 35
    2021-08-01 $142,500 (-10.9%) $194,394 (-6.3%) 0.00 55
    2021-09-01 $149,900 (-1.6%) $194,180 (-1.1%) 0.00 59
    2021-10-01 $144,900 (-2.4%) $186,004 (-1.9%) 0.00 69
    2021-11-01 $136,950 (1.5%) $175,806 (6.0%) 0.00 70
    2021-12-01 $124,900 (2.0%) $175,826 (9.6%) 0.00 53
    2022-01-01 $124,900 (-1.7%) $185,749 (13.8%) 0.00 49
    2022-02-01 $147,400 (20.4%) $204,264 (17.6%) 0.00 34
    2022-03-01 $144,950 (-1.0%) $197,944 (4.7%) 0.00 32
    2022-04-01 $153,000 (-2.8%) $207,503 (0.8%) 0.00 27
    2022-05-01 $173,400 (-3.6%) $243,601 (7.7%) 0.00 33
    2022-06-01 $204,950 (2.5%) $254,635 (5.9%) 0.00 41
    Albert Lea's median listing price for 2022-06-01 was $204,950, a difference of $5,050 (2.5%) versus the prior year and $31,550 versus the prior month.

    Albert Lea's median listing price comes in at 0% of the national average.

    Albert Lea's average listing price for 2022-06-01 was $254,635, a difference of $14,186 (5.9%) versus the prior year and $11,034 versus the prior month.

    For the 2022-06-01 period, Albert Lea had 41 MLS listings, a difference of 8 listings (24%) versus the prior month and 14 listings (52%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Albert Lea (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,080 sqft
    2018-02-01 0 days 2,110 sqft
    2018-03-01 0 days 2,110 sqft
    2018-04-01 0 days 2,217 sqft
    2018-05-01 0 days 2,298 sqft
    2018-06-01 0 days 2,448 sqft
    2018-07-01 0 days 2,240 sqft
    2018-08-01 0 days 2,165 sqft
    2018-09-01 0 days 2,240 sqft
    2018-10-01 0 days 2,240 sqft
    2018-11-01 0 days 2,186 sqft
    2018-12-01 0 days 1,939 sqft
    2019-01-01 0 days 1,620 sqft
    2019-02-01 0 days 1,554 sqft
    2019-03-01 0 days 1,663 sqft
    2019-04-01 0 days 1,812 sqft
    2019-05-01 0 days 1,801 sqft
    2019-06-01 0 days 1,886 sqft
    2019-07-01 0 days 1,928 sqft
    2019-08-01 0 days 1,751 sqft
    2019-09-01 0 days 1,806 sqft
    2019-10-01 0 days 1,809 sqft
    2019-11-01 0 days 1,814 sqft
    2019-12-01 0 days 1,627 sqft
    2020-01-01 0 days 1,634 sqft
    2020-02-01 0 days 1,664 sqft
    2020-03-01 0 days 1,835 sqft
    2020-04-01 0 days 1,824 sqft
    2020-05-01 0 days 1,824 sqft
    2020-06-01 0 days 1,832 sqft
    2020-07-01 0 days 1,783 sqft
    2020-08-01 0 days 1,824 sqft
    2020-09-01 0 days 1,806 sqft
    2020-10-01 0 days 1,803 sqft
    2020-11-01 0 days 1,599 sqft
    2020-12-01 0 days 1,546 sqft
    2021-01-01 0 days 1,556 sqft
    2021-02-01 0 days 1,521 sqft
    2021-03-01 0 days 1,569 sqft
    2021-04-01 0 days 1,692 sqft
    2021-05-01 0 days 1,716 sqft
    2021-06-01 0 days 1,735 sqft
    2021-07-01 0 days 1,603 sqft
    2021-08-01 0 days 1,470 sqft
    2021-09-01 0 days 1,384 sqft
    2021-10-01 0 days 1,532 sqft
    2021-11-01 0 days 1,608 sqft
    2021-12-01 0 days 1,479 sqft
    2022-01-01 0 days 1,554 sqft
    2022-02-01 0 days 2,116 sqft
    2022-03-01 0 days 1,989 sqft
    2022-04-01 0 days 2,100 sqft
    2022-05-01 0 days 1,800 sqft
    2022-06-01 0 days 1,812 sqft
    Albert Lea's median listing age (time on market) for 2022-06-01 was 0 days.

    Albert Lea's median square footage for active listings during the 2022-06-01 period was 1,812 sqft. One year prior, the average listing was 1,735 sqft.