Albany, NY Home Values & Market Trends
Real estate market trends reflect that there have been 430 transactions over the past year in Albany. The median value for residential home transactions that occurred over the previous year is $267,769.15. The number of current listings in Albany is 130, and the percentage of properties for sale in the city is 130.00%. Albany, NY currently has 40 properties in foreclosure, 11 bank owned properties, 11 properties headed for auction, and 130 properties for sale.
Albany, NY Real Estate Market Overview
Housing Market Summary for Albany, NY
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $210K | $276.5K | 31.66% |
Median Sold Price | $237K | $276.5K | 16.63% |
Homes For Sale | 163 | 134 | -17.79% |
Homes Sold | 263 | 202 | -23.19% |
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 Albany, NY
Browse Homes in Albany, NY
Albany home values range from $26,507 to $62,326,003. The median estimated value of a home in Albany is $267,769.15. The median list price of a home is 267,450, and the total count of properties in the city is 32,765.
- Pre-ForeclosurePre-foreclosure homes account for 0.05% of all residential properties in Albany, NY with 12205 containing 5 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 12 zips within Albany, NY; of those zips, the estimated home value for pre-foreclosure homes ranges from $338,412 in 12211 to the lowest home value of $95,740 in 12206.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Albany, NY ranges from the highest value of $278,079 in 12209 to the lowest value of $39,900 in 12204. Bank owned homes and properties account for 0.03% of properties in Albany, NY. There are 12 zips within Albany, NY; 12205 containing 5 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions12205 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Albany, NY. Auction homes and other auction properties account for 0.03% of all properties in Albany, NY. There are 12 zips within Albany, NY; of those zips, the median estimated home value for homes going to auction ranges from $352,993 in 12203 to the lowest value of $50,937 in 12203.
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Guide for Albany, NY
New York City’s real estate market from August 2023 to January 2024 witnessed roughly an 8% increase in average property values, along with fluctuations in per square foot values and sold prices.
An increase is house prices but a slowdown of homes sold in September
With more people working from home, there's an of excess office spaces. Older buildings may be up for apartment conversions especially with proposed tax breaks
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