Is Albany County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Albany County has remained a Seller's Market.
Key Takeaway
Albany County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Albany County, NY
How much do homes in Albany County, NY cost?
Median Sold Price
$289,950
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Albany County have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Albany County was $289,950 in March 2024, up 7.4% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.9K | $137.9K | -3.4% |
| 2 Bedrooms | $220.2K | $225.2K | +2.3% |
| 3 Bedrooms | $267.3K | $295K | +10.3% |
| 4 Bedrooms | $350K | $360K | +2.9% |
| 5+ Bedrooms | $260K | $265K | +1.9% |
Summary: Albany County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Counties
| Schoharie County | $182K | $217K | +19.2% |
| Schenectady County | $235K | $255K | +8.5% |
| Albany County | $270K | $289.9K | +7.4% |
| Rensselaer County | $244.5K | $257.3K | +5.2% |
| Greene County | $345K | $305K | -11.6% |
Housing Supply in Albany County, NY
How many homes are available in Albany County, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 627 | 627 | 0.0% |
Summary: The Albany County real estate market had 627 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 65 | 70 | +7.7% |
| 3 Bedrooms | 212 | 214 | +0.9% |
| 4 Bedrooms | 162 | 155 | -4.3% |
| 5+ Bedrooms | 183 | 183 | 0.0% |
Summary: The Albany County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 132 | 167 | +26.5% |
Asking Price vs. Sold Price
67 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
78 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Albany County, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 167 homes were sold or pending in Albany County in March 2024, up by 26.5% month-over-month. Of the 167 sold homes, 40% were sold under asking, 13% were sold at asking, and 47% were sold over asking.
Days on Market for Albany County, NY
How long does it take to sell a home in Albany County, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 30 Days | -3.4% |
Summary: Homes in Albany County had an average of 30 days on market in Mar 2024, down by 3.4% compared to last year.
Breakdown of Home Sale Times
109 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Albany County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 167 homes were sold in Albany County; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally 
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