Is Albion, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Albion has remained a Seller's Market.
Housing Prices in Albion, NY
How much do homes in Albion, NY cost?
Median Sold Price
$154,900
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Albion was $154,900 in April 2024, up 14.7% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | - | N/A |
2 Bedrooms | $121K | $141K | +16.5% |
3 Bedrooms | $130K | $136.5K | +5.0% |
4 Bedrooms | $144K | $182.5K | +26.7% |
5+ Bedrooms | $225K | $190.5K | -15.3% |
Summary: Albion housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes decreased by 15.3%.
Median Sold Price Compared To Nearby Cities
Gaines | $135K | $201K | +48.9% |
Albion | $135K | $154.9K | +14.7% |
Housing Supply in Albion, NY
How many homes are available in Albion, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 30 | -25.0% |
Summary: The Albion real estate market had 30 homes for sale in April 2024, a 25.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 15 | 13 | -13.3% |
4 Bedrooms | 7 | 4 | -42.9% |
5+ Bedrooms | 10 | 6 | -40.0% |
Summary: The Albion housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Albion in April 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 64 Days | +23.1% |
Summary: Homes in Albion had an average of 64 days on market in Apr 2024, up by 23.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Albion; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.