Is Albion, 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, Albion has remained a Seller's Market.
Housing Prices in Albion, NY
How much do homes in Albion, NY cost?
Median Sold Price
$154,950
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Albion was $154,950 in March 2024, up 14.8% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | - | N/A |
2 Bedrooms | $131.9K | $130K | -1.4% |
3 Bedrooms | $128K | $142.4K | +11.3% |
4 Bedrooms | $150K | $184.9K | +23.3% |
5+ Bedrooms | $232.5K | $141K | -39.4% |
Summary: Albion housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes decreased by 39.4%.
Housing Supply in Albion, NY
How many homes are available in Albion, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 29 | -25.6% |
Summary: The Albion real estate market had 29 homes for sale in March 2024, a 25.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 12 | 10 | -16.7% |
4 Bedrooms | 12 | 6 | -50.0% |
5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Albion housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 5 | -58.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Albion in March 2024, down by 58.3% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 16 Days | -70.8% |
Summary: Homes in Albion had an average of 16 days on market in Mar 2024, down by 70.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Albion; 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.