Is Albion, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Albion was a Seller's Market.
Housing Prices in Albion, NY
How much do homes in Albion, NY cost?
Median Sold Price
$152,000
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Albion was $152,000 in May 2024, up 8.2% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | - | N/A |
2 Bedrooms | $121K | $144.9K | +19.8% |
3 Bedrooms | $129K | $132.2K | +2.5% |
4 Bedrooms | $159.9K | $182.5K | +14.1% |
5+ Bedrooms | $215K | $194.7K | -9.4% |
Summary: Albion housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes decreased by 9.4%.
Housing Supply in Albion, NY
How many homes are available in Albion, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 26 | -21.2% |
Summary: The Albion real estate market had 26 homes for sale in May 2024, a 21.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 2 | -66.7% |
3 Bedrooms | 15 | 11 | -26.7% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Albion housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 3 | -70.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Albion in May 2024, down by 70.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Albion, NY
How long does it take to sell a home in Albion, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 7 Days | -68.4% |
Summary: Homes in Albion had an average of 7 days on market in May 2024, down by 68.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Albion; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.