$4,269 Closing Credit*
$359,500
1,954 SqFt
4 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is Albertville, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Albertville was a Seller's Market.
Key Takeaway
Albertville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Albertville, MN
How much do homes in Albertville, MN cost?
Median Sold Price
$366,500
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$500(+0.1%)
Key Takeaway
The sold price of homes in Albertville has remained the same since last year.
Summary: The median home sold price in Albertville was $366,500 in October 2024, up 0.1% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $255K | $265K | +3.9% |
| 3 Bedrooms | $336.5K | $350K | +4.0% |
| 4 Bedrooms | $430K | $399.9K | -7.0% |
| 5+ Bedrooms | $445K | $472.9K | +6.3% |
Summary: Albertville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
| Albertville | $366K | $366.5K | 0.1% |
| Saint Michael | $438.5K | $430K | -1.9% |
| Otsego | $424.9K | $408.5K | -3.9% |
Housing Supply in Albertville, MN
How many homes are available in Albertville, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 51 | +2.0% |
Summary: The Albertville real estate market had 51 homes for sale in October 2024, a 2.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Albertville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Albertville, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Albertville in October 2024, down by 27.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Albertville, MN
How long does it take to sell a home in Albertville, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 31 Days | +72.8% |
Summary: Homes in Albertville had an average of 31 days on market in Oct 2024, up by 72.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Albertville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Albertville; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
