$3,266 Closing Credit*
$275,000
1,794 SqFt
3 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is Albertville, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Albertville has remained a Seller's Market.
Key Takeaway
Albertville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Albertville, MN
How much do homes in Albertville, MN cost?
Median Sold Price
$365,250
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$250(+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 $365,250 in November 2024, up 0.1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $255K | $269.4K | +5.7% |
| 3 Bedrooms | $340K | $347.5K | +2.2% |
| 4 Bedrooms | $427K | $394.9K | -7.5% |
| 5+ Bedrooms | $470K | $447.5K | -4.8% |
Summary: Albertville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Saint Michael | $431.4K | $439.9K | +2.0% |
| Albertville | $365K | $365.2K | 0.1% |
| Otsego | $424.9K | $408.2K | -3.9% |
Housing Supply in Albertville, MN
How many homes are available in Albertville, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 52 | +6.1% |
Summary: The Albertville real estate market had 52 homes for sale in November 2024, a 6.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 14 | 18 | +28.6% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Albertville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Albertville, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Albertville in November 2024, up by 10.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 39 Days | -3.3% |
Summary: Homes in Albertville had an average of 39 days on market in Nov 2024, down by 3.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Albertville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Albertville; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
