Is Albany, MN 56307 a buyer’s or seller’s market?
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.
The Albany housing market right now
In the three months ending August 31, 2026, 27% of homes in Albany, MN 56307 sold above their list price, the typical home went under contract in 14 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (71 days then) and the median sale price rose 2% to $243,395. Overall, Albany is more competitive than a year ago, so tougher for buyers.
Within Stearns County, homes here sell faster than in 90% of the county’s ZIP codes, and sell more often over asking than in 60%.
Nearby, buyers who want less competition could look at Saint Stephen 56375 (0% sold over asking) or New Munich 56356 (0% sold over asking), while Holdingford 56340 (38% sold over asking) and Cold Spring 56320 (36% sold over asking) are even more competitive.
Run the numbers for 56307
Nearby markets
Avon 56310Balanced $180 /sq ftBelgrade 56312Seller’s market $177 /sq ftClearwater 55320Seller’s market $188 /sq ftCold Spring 56320Seller’s market $168 /sq ft Browse all markets →Towns like Albany nearby
Find towns like Albany in other states →Where Albany is
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Questions about Albany real estate
Is Albany a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Albany, MN 56307 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Albany?
The typical home went under contract in 14 days in the latest three months.
Do homes in Albany sell over asking?
27% of homes sold above their original list price, and the typical sale closed at 96.2% of the list price.
What are property taxes in Albany?
About 1.00% of a home’s value a year in Stearns County, or roughly $4,000 on a $400,000 home.
What is the median home price in Albany?
The median sale price was $243,395 in the three months ending August 31, 2026, about $179 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology