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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Albany is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Albany, CA cost?

Median Sold Price

$1,335,000

$983/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$85,000(+6.8%)

Key Takeaway

Homes in Albany have sold for 6.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $660.7K$455K
-31.1%
2 $907.5K$980K
+8.0%
3 $1.4M$1.5M
+7.5%
4 $1.8M$1.7M
-8.3%
5+ $1.7M$1.9M
+7.8%

Median Sold Price Compared To Nearby Cities

Berkeley
+12.7%
Richmond
+11.4%
West Contra Costa
+8.0%
Albany
+6.8%
El Cerrito
+2.2%

How many homes are available in Albany, CA?

Number of Homes For Sale

Aug 2022Sep 2022%
2723-14.8%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 43
-25.0%
2 1616
0.0%
3 44
0.0%
4 10
-100.0%
5+ 20
-100.0%

Number of Homes Sold

Aug 2022Sep 2022%
118-27.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

4 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. 57.1% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
27 Days28 Days+6.1%

Breakdown of Home Sale Times

5 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.

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

About Albany, CA

Number of homes for sale in Albany, CA real estate market have reached 23. The number of homes for sale in Albany, CA decreased by 14.8% between August 2022 and September 2022. In September 2022 median list price was $1,335,000 and the average listing age was 28 days. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 31.1% more cheaper, the cost of 2 bedrooms properties went up by 8%, the cost of 3 bedrooms properties went up by 7.5%, prices of 4 bedrooms properties went down by 8.3%, 5 bedrooms properties prices increased by 7.8%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes decreased by 25%, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes have not changed, 4 bedrooms homes inventory decreased by 100%, the quantity of 5 bedrooms homes went down by 100%. Over 4 listings were sold over their listed price in September 2022 in Albany, CA. In the same period over 1 listings were sold below the listed price and 2 listings were sold for the listed price.

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