Is Upper Albany, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Upper Albany has remained a Seller's Market.
Key Takeaway
Upper Albany is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper Albany, OH
How much do homes in Upper Albany, OH cost?
Median Sold Price
$400,500
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Upper Albany have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Upper Albany was $400,500 in April 2024, up 6.8% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $359.6K | N/A |
| 2 Bedrooms | $278K | $295.5K | +6.3% |
| 3 Bedrooms | $380K | $392.5K | +3.3% |
| 4 Bedrooms | $445K | $471.2K | +5.9% |
| 5+ Bedrooms | - | $575K | N/A |
Summary: Upper Albany 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 increased by 6.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Upper Albany | $375K | $400.5K | +6.8% |
| Upper Albany West | $408K | $392.5K | -3.8% |
Housing Supply in Upper Albany, OH
How many homes are available in Upper Albany, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 35 | +9.4% |
Summary: The Upper Albany real estate market had 35 homes for sale in April 2024, a 9.4% increase 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 | 11 | 11 | 0.0% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Upper Albany 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 remained the same, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 15 | +87.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Albany, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Upper Albany in April 2024, up by 87.5% month-over-month. Of the 15 sold homes, 13% were sold under asking, 40% were sold at asking, and 47% were sold over asking.
Days on Market for Upper Albany, OH
How long does it take to sell a home in Upper Albany, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 12 Days | -74.4% |
Summary: Homes in Upper Albany had an average of 12 days on market in Apr 2024, down by 74.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Upper Albany are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Upper Albany; 93% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.