12205 Home Values & Market Trends
There are 38 homes currently listed for 12205. 12205 real estate market trends show that home prices range from $179,900 to $824,000, and the median sales price in the 12205 zip code is $300,764.44. The total number of properties sold within the past twelve months is 77. In 12205, 144 properties are in foreclosure, 2 are bank owned properties,and 4 are headed for auction.
12205 Real Estate Market Overview
City | Median Est. Value |
---|---|
Albany | $ 249,450 $ 165/sqft |
Housing Market Summary for 12205
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $250K | $315.2K | 26.10% |
Median Sold Price | $277.9K | $315.2K | 13.43% |
Homes For Sale | 33 | 40 | 21.21% |
Homes Sold | 76 | 48 | -36.84% |
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 12205
Browse Homes in 12205
The median list price of a home in Albany, is $300,764.44. A total of 38 properties are for sale, and the percentage of properties for sale in the zip code is 38.00%. The total count of 12205 properties is 9,386.
- Pre-ForeclosurePre-foreclosure homes account for 1.47% of all residential properties in 12205 with albany containing 472 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 12205; of that cities, the estimated home value for pre-foreclosure homes ranges from $967,954 in albany to the lowest home value of $30,045 in albany.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 12205 ranges from the highest value of $276,239 in albany to the lowest value of $39,900 in albany. Bank owned homes and properties account for 0.02% of properties in 12205. There is 1 cities within 12205; albany containing 10 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsalbany has 11 auction properties, the highest number of properties going to auction in a single city in the state of 12205. Auction homes and other auction properties account for 0.04% of all properties in 12205. There is 1 cities within 12205; of that cities, the median estimated home value for homes going to auction ranges from $430,360 in albany to the lowest value of $52,185 in albany.
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Guide for 12205
Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.
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