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3 beds New construction With a pool

Homes Under $500K in Albert Lea, MN

141 listings

Homes Under $500K in Albert Lea, MN

Homes Under $500K in Albert Lea, MN

13 of 141 Listings

Homes Under $500K in Albert Lea, MN

13 of 141 Listings

21Active

Your local brokerage

SM

Steve Merrit

Realty.com

Lic. #40699127

$110,000

2 bd · 1 ba · 686 sqft

618 Freeborn Avenue, Albert Lea, MN

Realty ONE Group Black Diamond

$139,900

3 bd · 2 ba · 1,358 sqft

1420 Academy Avenue, Albert Lea, MN

Leland Realty

$67,000

3 bd · 1 ba · 1,955 sqft

1206 James Avenue, Albert Lea, MN

Keller Williams Premier Realty

$130,000

2 bd · 1 ba · 1,234 sqft

1014 Saint Peter Avenue, Albert Lea, MN

Edina Realty, Inc.

$80,000

2 bd · 1 ba · 778 sqft

814 Lincoln Avenue, Albert Lea, MN

Unique Realty

$247,900

2 bd · 2 ba · 1,374 sqft

808 Lake Chapeau Drive 105, Albert Lea, MN

Norena Brekke · Leland Realty

$199,900

3 bd · 2 ba · 980 sqft

306 E 3rd Street, Albert Lea, MN

Worth Clark Realty

$130,000

2 bd · 1 ba · 660 sqft

711 Saint Thomas Avenue, Albert Lea, MN

Dillon Robert Dale · eXp Realty

$375,000

2 bd · 2 ba · 2,107 sqft

1331 Frank Hall Drive, Albert Lea, MN

Century 21 Atwood

$244,900

4 bd · 2 ba · 1,944 sqft

1006 Elmhill Drive, Albert Lea, MN

Jason Mitchell Group

$269,900

4 bd · 2 ba · 2,145 sqft

1605 Canary Drive, Albert Lea, MN

Leland Realty

Price Reduced24Active

$299,900

2 bd · 3 ba · 1,853 sqft

217 Green Lea Lane, Albert Lea, MN

Rick Mummert · Century 21 Atwood

$275,000

5 bd · 3 ba · 2,584 sqft

1506 Elm Street, Albert Lea, MN

Re/Max Advantage Plus

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L. Custen Realty, Inc. d/b/a Realty.com/L. Custen Realty CT, LLC d/b/a Realty.com (Tom O’Leary-Broker)(CT properties only), 8323 Southwest Freeway, Suite 900, Houston, Texas 77074

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is derived from various Multiple Listing Services; each source MLS and its required disclaimer are shown with the listings on the applicable page. Realty.com is an independently owned and operated brokerage.

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Your local brokerage

SM

Steve Merrit

Realty.com

Lic. #40699127

Listing data & MLS disclosures

FargoMoorhead Area Association of REALTORS: The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than Realty.com are marked with the listing office name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.
NorthstarMLS: Based on information submitted to the MLS GRID as of 2026-09-15 15:13:16 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Albert Lea, MN community profile

Population: 18,249
Median income: $57,468
Housing units: 8,571
People per sq. mi.: 101.7
Area: 179.5 sq. mi.

Source: HJN community data

Albert Lea housing market

August 2026 · This period is still settling

Selling at 99.8% of asking price

Sales here are closing essentially at asking. MLS · 26 sales · as of Aug 31, 2026

Homes that sold · County records, as of Aug 28, 2026

Median sale price: $161,250$110,888–$257,000 typical range
Price per sq. ft.: $169
Sales: 30
Paid in cash: 30.0%

Homes on the market · MLS, as of Aug 31, 2026

Median list price: $269,900
Homes for sale: 93
Median days on market: 32 days

Price trend · Assessor repeat sales, as of Aug 31, 2026

Year-over-year: -21.1%

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Jul 29, 2026

Median home size: 1,291 sq. ft.