Is Albany, CA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Albany is a seller's market


Difference Since August 2022

Since last year, Albany has remained a Seller's Market.

Key Takeaway

Albany is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Albany, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Albany have sold for 13.4% less than they did a year ago.

Summary: The median home sold price in Albany was $1,100,000 in August 2023, down 13.4% from last year, and the median price per square foot was $909.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $451K$400K
2 $900K$920K
3 $1.5M$1.2M
4 $1.6M$2.0M
5+ $1.6M$2.0M

Summary: Albany housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 11.3%, 2 bedroom homes increased by 2.2%, 3 bedroom homes decreased by 20.4%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes increased by 22.5%.

Median Sold Price Compared To Nearby Cities

West Contra Costa
El Cerrito

Housing Supply

How many homes are available in Albany, CA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Albany real estate market had 26 homes for sale in August 2023, a 10.3% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 23
2 2016
3 55
4 22
5+ 00

Summary: The Albany housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Albany, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Albany in August 2023, down by 9.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.

Days on Market

How long does it take to sell a home in Albany, CA?

Average Sale Time

Aug 2022Aug 2023CHANGE
17 Days23 Days+39.2%

Summary: Homes in Albany had an average of 23 days on market in Aug 2023, up by 39.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Albany are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 10 homes were sold in Albany; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

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Nearby Markets

What housing markets are near Albany, CA?