Is Albertville, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Albertville was a Seller's Market.
Housing Prices in Albertville, MN
How much do homes in Albertville, MN cost?
Median Sold Price
$370,500
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Albertville was $370,500 in March 2024, down 0.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $267K | $260K | -2.6% |
3 Bedrooms | $337.5K | $345K | +2.2% |
4 Bedrooms | $430K | $427K | -0.7% |
5+ Bedrooms | $445K | $465.4K | +4.6% |
Summary: Albertville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
Saint Michael | $428.1K | $449.9K | +5.1% |
Albertville | $370.8K | $370.5K | -0.1% |
Otsego | $425K | $420.1K | -1.1% |
Housing Supply in Albertville, MN
How many homes are available in Albertville, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
53 | 55 | +3.8% |
Summary: The Albertville real estate market had 55 homes for sale in March 2024, a 3.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 17 | +41.7% |
3 Bedrooms | 23 | 20 | -13.0% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Albertville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 41.7%, 3 bedroom homes decreased by 13%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 8 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Albertville in March 2024, down by 42.9% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 110 Days | +148.0% |
Summary: Homes in Albertville had an average of 110 days on market in Mar 2024, up by 148% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Albertville; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.