Is New Albion, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Albion is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, New Albion was a Seller's Market.

Key Takeaway

New Albion is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in New Albion, NY

How much do homes in New Albion, NY cost?

Median Sold Price

$260,000

$101/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$154,000(+145.3%)

Key Takeaway

Homes in New Albion have sold for 145.3% more than they did a month ago.

Summary: The median home sold price in New Albion was $260,000 in February 2024, up 145.3% from last month, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $108K-
N/A
3 -$260K
N/A
4 $55K-
N/A
5+ --
N/A

Summary: New Albion housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

New Albion
+145.3%
Mansfield
+139.6%

Housing Supply in New Albion, NY

How many homes are available in New Albion, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1110-9.1%

Summary: The New Albion real estate market had 10 homes for sale in February 2024, a 9.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 55
0.0%
4 32
-33.3%
5+ 12
+100.0%

Summary: The New Albion housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Albion, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in New Albion in February 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for New Albion, NY

How long does it take to sell a home in New Albion, NY?

Average Sale Time

Jan 2024Feb 2024CHANGE
97 Days11 Days-88.7%

Summary: Homes in New Albion had an average of 11 days on market in Feb 2024, down by 88.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 1 homes were sold in New Albion; 100% of homes were sold within 30 days, 0% 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 27 Days Ago

Newest Listings in New Albion, NY

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