56007 Home Values & Market Trends
There are 450 homes currently listed for 56007. 56007 real estate market trends show that home prices range from $32,900 to $791,000, and the median sales price in the 56007 zip code is $205,231. The total number of properties sold within the past twelve months is 205. In 56007, 16 properties are in foreclosure, 3 are bank owned properties,and 13 are headed for auction.
Housing Market Summary for 56007
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $189.9K | $199.9K | 5.27% |
| Median Sold Price | $0 | $142.6K | - |
| Homes For Sale | 314 | 446 | 42.04% |
| Homes Sold | 0 | 23 | - |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 56007
Browse Homes in 56007
The median list price of a home in Albert Lea, is $205,231. A total of 450 properties are for sale, and the percentage of properties for sale in the zip code is 450.00%. The total count of 56007 properties is 518.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 56007 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 56007; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 56007 ranges from the highest value of $216,633 in albert lea to the lowest value of $59,188 in albert lea. Bank owned homes and properties account for 0.58% of properties in 56007. There is 1 cities within 56007; albert lea containing 3 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsalbert lea has 13 auction properties, the highest number of properties going to auction in a single city in the state of 56007. Auction homes and other auction properties account for 2.51% of all properties in 56007. There is 1 cities within 56007; of that cities, the median estimated home value for homes going to auction ranges from $308,942 in albert lea to the lowest value of $69,922 in albert lea.
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Guide for 56007
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.