$3,788 Closing Credit*
$319,000
780 SqFt
2 Beds
•1 Full Bath
#1985529, Megan Holzmann, Listing Office: Lindsay Gallagher & Associates
Is Albion, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Albion has remained a Seller's Market.
Key Takeaway
Albion is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Albion, WI
How much do homes in Albion, WI cost?
Median Sold Price
$240,500
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$42,000(-14.9%)
Key Takeaway
Homes in Albion have sold for 14.9% less than they did a year ago.
Summary: The median home sold price in Albion was $240,500 in August 2024, down 14.9% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186.2K | $136K | -27.0% |
| 2 Bedrooms | $134.7K | $196.9K | +46.2% |
| 3 Bedrooms | $362K | $295K | -18.5% |
| 4 Bedrooms | $425K | $480K | +12.9% |
| 5+ Bedrooms | - | $239K | N/A |
Summary: Albion housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27%, 2 bedroom homes increased by 46.2%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Edgerton | $262.5K | $320K | +21.9% |
| Albion | $282.5K | $240.5K | -14.9% |
Housing Supply in Albion, WI
How many homes are available in Albion, WI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The Albion real estate market had 16 homes for sale in August 2024, a 6.7% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Albion housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Albion, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Albion in August 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Albion, WI
How long does it take to sell a home in Albion, WI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Albion are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During August 2024, 4 homes were sold in Albion; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
