Is Albany Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Albany Township was a Buyer's Market.
Key Takeaway
Albany Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Albany Township, MN
How much do homes in Albany Township, MN cost?
Median Sold Price
$252,500
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Albany Township have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Albany Township was $252,500 in April 2024, down 1.3% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $238K | - | N/A |
| 2 Bedrooms | $255.9K | $243.7K | -4.8% |
| 3 Bedrooms | $224.6K | $210K | -6.5% |
| 4 Bedrooms | $267.5K | $312.5K | +16.8% |
| 5+ Bedrooms | $487.5K | $489.9K | 0.5% |
Summary: Albany Township 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 decreased by 4.8%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Cities
| Avon Township | $314K | $332.5K | +5.9% |
| Albany Township | $255.9K | $252.5K | -1.3% |
| Albany | $255.9K | $251.2K | -1.8% |
Housing Supply in Albany Township, MN
How many homes are available in Albany Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Summary: The Albany Township real estate market had 7 homes for sale in April 2024, a 36.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Albany Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Albany Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Albany Township in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Albany Township, MN
How long does it take to sell a home in Albany Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 29 Days | +323.8% |
Summary: Homes in Albany Township had an average of 29 days on market in Apr 2024, up by 323.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Albany Township has remained consistent over time.
Summary: During April 2024, 3 homes were sold in Albany Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
