Albany, NY Home Values & Market Trends

Real estate market trends reflect that there have been 446 transactions over the past year in Albany. The median value for residential home transactions that occurred over the previous year is $270,562.11. The number of current listings in Albany is 169, and the percentage of properties for sale in the city is 169.00%. Albany, NY currently has 473 properties in foreclosure, 11 bank owned properties, 14 properties headed for auction, and 169 properties for sale.

Albany, NY Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
12205

$ 324,816

$ 197/sqft

12202

$ 113,653

$ 93/sqft

12203

$ 299,900

$ 177/sqft

12210

$ 197,350

$ 72/sqft

12208

$ 289,450

$ 174/sqft

12204

$ 559,141

$ 223/sqft

12206

$ 153,100

$ 91/sqft

12207

$ 175,000

$ 200/sqft

12211

$ 451,525

$ 222/sqft

12226

$ --

$ --

12209

$ 234,700

$ 143/sqft

12222

$ --

$ --

Housing Market Summary for Albany, NY

Jun 2023May 2024Change
Median Listing Price$239.9K$250K4.21%
Median Sold Price$239.5K$253.2K5.74%
Homes For Sale214156-27.10%
Homes Sold175159-9.14%
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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, NY

Albany home values range from $23,628 to $10,664,011. The median estimated value of a home in Albany is $270,562.11. The median list price of a home is 269,900, and the total count of properties in the city is 32,710.

Foreclosure
There are 12 zips within Albany, NY; within these zips, the median estimated home value for homes in foreclosure ranges from $819,335 in 12206 to the lowest value of $29,929 in 12206. Foreclosure homes account for 1.00% of properties in Albany, NY with 12205 containing 136 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 1.37% of all residential properties in Albany, NY with 12205 containing 128 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 $635,710 in 12211 to the lowest home value of $42,304 in 12202.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Albany, NY ranges from the highest value of $311,269 in 12209 to the lowest value of $80,990 in 12206. Bank owned homes and properties account for 0.03% of properties in Albany, NY. There are 12 zips within Albany, NY; 12205 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    12206 has 4 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 0.04% 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 $418,000 in 12203 to the lowest value of $29,929 in 12203.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.52% of residential properties in Albany, NY with 12205 containing 42 homes for sale, the highest number of listed properties in a single zip. There are 12 zips within Albany, NY; homes for sale in those zips, have a range of median values from $987,007 in 12211 to the lowest value of $49,800 in 12209.
    Sold Homes
    The median value for recently sold homes ranges from $704,628 in 12211 to the lowest price of $30,482 in 12211. There are 12 zips within Albany, NY. 12205 has 49 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 0.68% of properties in Albany, NY.

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      Guide for Albany, NY

      New York
      Albany Real Estate on the Rise: Average Property Values Climb to $250K by May 2024
      Market Reports
      Real Estate Market Report Albany, New York – April 2024
      New York
      Syracuse Property Values Soar from $120k to $167k in Year-Over-Year Surge
      Market Reports
      Buffalo Real Estate Values Increase by $200k in 12 Months
      See More Articles
      Albany Real Estate on the Rise: Average Property Values Climb to $250K by May 2024
      New York|posted 5 June 2024

      Albany, NY real estate market saw growth from June 2023-May 2024 with avg. property value rising from $239,900 to $250,000. Neighboring cities show varying patterns.

      Real Estate Market Report Albany, New York – April 2024
      Market Reports|posted 3 April 2024

      The Albany real estate market from April 2023 to March 2024 showed a clear positive trend, with rising property values and sale prices offset by fluctuating property counts.

      Syracuse Property Values Soar from $120k to $167k in Year-Over-Year Surge
      New York|posted 6 June 2024

      The Syracuse real estate market has seen a consistent growth trend, with average property values and sale prices rising significantly over the past year, reflecting robust demand, competitive market conditions, and active transaction volumes.

      Buffalo Real Estate Values Increase by $200k in 12 Months
      Market Reports|posted 29 April 2024

      The Buffalo, NY real estate market shows promising growth, with increases in both average home values and sales volume. Comparisons with neighboring cities reveal diverse market characteristics, offering varied opportunities for investors and homebuyers.