Albany, OR Home Values & Market Trends

Real estate market trends reflect that there have been 847 transactions over the past year in Albany. The median value for residential home transactions that occurred over the previous year is $422,159.57. The number of current listings in Albany is 106, and the percentage of properties for sale in the city is 106.00%. Albany, OR currently has 12 properties in foreclosure, 1 bank owned properties, 11 properties headed for auction, and 106 properties for sale.

Albany, OR Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
97321

$ 485,762

$ 281/sqft

97322

$ 397,461

$ 283/sqft

Housing Market Summary for Albany, OR

Mar 2023February 2024Change
Median Listing Price$434.5K$419.2K-3.51%
Median Sold Price$412.6K$419.2K1.61%
Homes For Sale11898-16.95%
Homes Sold619570-7.92%
Price
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Homes For Sale
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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%.

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Browse Homes in Albany, OR

Albany home values range from $25,728 to $4,303,247. The median estimated value of a home in Albany is $422,159.57. The median list price of a home is 462,500, and the total count of properties in the city is 21,384.

Foreclosure
There are 2 zips within Albany, OR; within these zips, the median estimated home value for homes in foreclosure ranges from $437,750 in 97321 to the lowest value of $259,679 in 97321. Foreclosure homes account for 0.00% of properties in Albany, OR with 97321 containing 7 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Albany, OR with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Albany, OR; of those zips, 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 Owned
    The median estimated home value of bank owned homes (REO properties) in Albany, OR ranges from the highest value of $313,434 in 97322 to the lowest value of $313,434 in 97322. Bank owned homes and properties account for 0.00% of properties in Albany, OR. There are 2 zips within Albany, OR; 97322 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    97321 has 7 auction properties, the highest number of properties going to auction in a single zip in the state of Albany, OR. Auction homes and other auction properties account for 0.05% of all properties in Albany, OR. There are 2 zips within Albany, OR; of those zips, the median estimated home value for homes going to auction ranges from $588,750 in 97322 to the lowest value of $259,679 in 97322.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.50% of residential properties in Albany, OR with 97321 containing 55 homes for sale, the highest number of listed properties in a single zip. There are 2 zips within Albany, OR; homes for sale in those zips, have a range of median values from $894,603 in 97322 to the lowest value of $226,160 in 97321.
    Sold Homes
    The median value for recently sold homes ranges from $954,432 in 97322 to the lowest price of $25,728 in 97322. There are 2 zips within Albany, OR. 97322 has 284 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.58% of properties in Albany, OR.

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      Guide for Albany, OR

      Home Buying Guides & Tips
      Oregon Foreclosure Laws
      A Luxury Mansion
      Investing Strategies
      Winning A Luxury Real Estate Auctions: Key Tips
      California
      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      California
      Santa Ana – An In-Depth Look at Price Fluctuations in 2023-2024
      See More Articles
      Oregon Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Oregon Foreclosure Laws

      A Luxury Mansion
      Winning A Luxury Real Estate Auctions: Key Tips
      Investing Strategies|posted 1 March 2024

      A few quick tips to prepare you for selling a luxury home at auction

      Fremont Property Market Calms After 2023 Highs; Stabilizes Early 2024 with Peak Median Value at $1.42M
      California|posted 1 March 2024

      The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.

      Santa Ana – An In-Depth Look at Price Fluctuations in 2023-2024
      California|posted 1 March 2024

      Santa Ana’s real estate market thrives with fluctuating median property values and diverse submarkets. Recent trends indicate potential opportunities for investors with varied budgets despite market volatility, enhanced by Santa Ana’s comparatively low foreclosure rates and value-for-money square foot pricing.

      Recently Listed Homes Albany, OR

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