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Albany Real Estate Prices And Market Stats

  • 9 Total For Sale
  • 3 New Listings

There are currently 9 properties for sale and Albany real estate prices are between $425,000 and $1,375,000. The median price for homes that are currently for sale is $879,000. Homes are selling for about $638 per square foot. If you are serious about buying a home, we highly recommend setting up a market watch notification so you don't miss out.

Median Price

$879,000

$425,000
Lowest Priced

$1,375,000
Highest Priced

Avg Price/SQFT

$638

$484
Lowest

$881
Highest

Avg DOM

29

Albany Real-Estate Price trends

The real estate price trend chart shows the median selling prices for homes over time. A moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out the "noise" from random short-term price fluctuations. Use this chart with the inventory chart to determine if prices for homes will be going up or down.

Albany Real-Estate Inventory - Monthly Active, Pending and Sold Activity

The real estate inventory chart shows the relations between the total number of properties that are listed each month, placed under contract each month (pending) and sold each month. This chart is good at determining the supply and demand of properties. When trying to find trends in home prices, I look at the number of the new home listings and the current price trends.

Date Median Price DOM Avg $/sqft Sales Ratio
Feb/2019 $887,500 12 $914 132.10%
Jan/2019 $849,900 17 $669 102.92%
Dec/2018 $649,000 31 $758 110.88%
Nov/2018 $798,000 14 $734 109.90%
Oct/2018 $862,000 16 $715 111.82%
Sep/2018 $775,000 14 $685 110.60%
Aug/2018 $777,000 17 $719 115.14%
Jul/2018 $599,000 18 $691 111.15%
Jun/2018 $850,000 13 $820 116.98%
May/2018 $824,000 14 $815 121.92%
Apr/2018 $783,389 13 $796 115.66%
Mar/2018 $849,500 15 $868 115.67%
Feb/2018 $849,000 15 $874 119.47%

Albany Market Sales Rate (All Property Types)

The charts below represent the current state of the real estate market in Albany. I created these charts to answer the question I hear a lot, "How is the real estate market in Albany?" The market sales rate, or absorption rate is based on the total number of homes currently for sale, divided by the total sold in the same time period. When the 90 day trend line falls below the 20, Albany is in a "Buyers Market". When the 90 day trend is above 20, Albany is in a "Sellers Market". Currently, about 10 homes are sold per week in Albany, therefore it would take about 3.0 weeks to sell all the homes if no new homes come on the market.

Complete Residential Inventory

Below is all the properties currently for sale in Albany, sorted by number of bedrooms.

Condo

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
1 3 $429,000 $427,667 745 $575 $574
2 1 $555,000 $555,000 1,146 $484 $484
all 4 $429,000 $459,500 845 $573 $552

Detached - Single Family Homes

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
3 2 $1,077,000 $1,077,000 1,555 $721 $721
4 3 $1,100,000 $1,154,667 1,672 $615 $697
all 5 $1,100,000 $1,123,600 1,625 $628 $707

Home Price Quartiles

Looking at the market in quartiles, where each quartile is 25% of home, ordered by price

Quartile Median Price Avg. Sqft Avg. DOM Avg Year Built New Listings Total Listings
Top/First $1,225,000 1,437 12 1932 0 5 Most Expensive 25% of properties
Upper/Second $920,000 1,349 17 1927 0 5 Upper-middle 25% of properties
Lower/Third $665,000 992 29 1960 0 5 Lower-middle 25% of properties
Bottom/Fourth $470,000 934 37 1987 0 4 Least expensive 25% of properties
Image of Trang Dunlap

Trang Dunlap

Intero Real Estate
[email protected] 888.422.9991

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