Is Albany, MN 56307 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Albany is a seller’s market. With about 3.2 months of supply and 27% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3.2Under 4 months = seller’s market

Sold above original list27.3%Share of sales, last 3 months

Median sale-to-list96.2%Sold price ÷ list price

Median days on market14Listing to accepted offer

Median price per sq ft$179▲ +87.1% vs. last year

Run the numbers for 56307

Prefilled for 56307Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56307Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Avon 56310Balanced $180 /sq ft Belgrade 56312Seller’s market $177 /sq ft Clearwater 55320Seller’s market $188 /sq ft Cold Spring 56320Seller’s market $168 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology