Is Albany, OH 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 Last Month

Since last month, 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, OH cost?

Median Sold Price

$255,000

$147/sqft

Based on all homes sold in October 2022.

Difference Since Last Month

+$125,000(+96.2%)

Key Takeaway

Homes in Albany have sold for 96.2% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2022Oct 2022%
1 --
N/A
2 -$255K
N/A
3 $130K-
N/A
4 --
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Albany
+96.2%
Lee Township
+96.2%

How many homes are available in Albany, OH?

Number of Homes For Sale

Sep 2022Oct 2022%
54-20.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 22
0.0%
3 21
-50.0%
4 11
0.0%
5+ 00
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Albany, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Average Sale Time

Sep 2022Oct 2022%
43 Days5 Days-88.4%

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 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, OH

Homes for sale in Albany, OH have reached 4. In October 2022 in Albany, OH there were 20% less homes for sale than in September 2022. The median list price of listings available in October 2022 was $255,000, while the average time on the real estate market was 5 days. From October 2021 through October 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 0%, 3 bedrooms properties prices increased by 0%, 4 bedrooms properties prices increased by 0%, prices of 5 bedrooms properties went up by 0%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes remained the same, the quantity of 3 bedrooms homes went down by 50%, 4 bedrooms homes inventory did not change, 5 bedrooms homes did not move. In October 2022 more than 0 listings in Albany, OH were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 0 were sold below.