$12,000
5th Ave S Lot 1
Albany, IL
Land33,106 sqft lot
View photos & details
Brokers — List your Company Here
Featured local agent — Albany, IL
Example placement
Sarah Mitchell
CNESRESABR
Compass Real Estate · Albany, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Albany, IL(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Albany, IL Housing Market
Balanced market+7.5% YoY
Zillow, July 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, August 2026 · Refreshes weekly
The typical home in Albany, IL is worth $172,026, rose 7.5% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $102,000 (through May 2026). With 1.5 months of supply and homes going under contract in about 237 days, Albany is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $172,026 home is about $884/mo in principal and interest.
Key numbers for Albany, IL
Typical home value
$172,026
+7.5% in 12 months
Zillow, July 2026
Median sale price
$102,000
Last published period
Redfin, through May 2026
Days on market
237
Slow-moving
Redfin, through May 2026
Active listings
3
1.5 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$68,750
Home costs 2.5x income
U.S. Census ACS, 2023
Sale-to-list ratio
87.3%
Selling below asking
Redfin, through May 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Albany a buyer's or seller's market?
Balanced market1.5 months of supply237 days on market87.3% of asking
Albany, IL is a balanced market, based on 1.5 months of supply and homes selling in about 237 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Albany housing market data show?
Every row below is Redfin's final published month for Albany, IL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $102,000 |
| Median list price | $230,000 |
| Median price per sq ft | $108/sq ft |
| Median days on market | 237 days |
| Active inventory | 3 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 87.3% |
| Homes sold (that month) | 2 |
| New listings (that month) | 1 |
| Listings with a price cut | 100.0% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Albany is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Albany is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Albany home prices moved?
Over the last three years the median sale price in Albany, IL rose 13.3%, from $90,000 to $102,000. The live Zillow value series has rose 7.5% in the last 12 months, which is the more current read now that Redfin's series has stopped. 100.0% of Albany listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 1.5 months while the sale-to-list ratio slips below its current 87.3%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
Get Albany market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Albany?
Priced off the typical home value of $172,026 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $34,405 | $137,621 | $884/mo |
| 5% | $8,601 | $163,425 | $1,050/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $884, that implies roughly $37,902 a year before you add taxes and insurance. The median household in Albany earns $68,750, about $30,848 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.5x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Albany in the next 12 months?
Tell us your timeline. We send the Albany market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Albany?
Zillow does not publish a rent index (ZORI) for Albany, IL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Albany?
Active listings in Albany, IL went from 2 in August 2024 to 3 in May 2026, a +50.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| September 2024 | 3 | 1 |
| November 2024 | 2 | 2 |
| December 2024 | 1 | 2 |
| January 2025 | 2 | 1 |
| August 2025 | 6 | 4 |
| September 2025 | 9 | 5 |
| October 2025 | 7 | 2 |
| December 2025 | 7 | not published |
| February 2026 | 6 | 2 |
| March 2026 | 4 | not published |
| April 2026 | 5 | 2 |
| May 2026 | 3 | 1 |
Redfin, through May 2026
How does Albany compare to Illinois and the U.S.?
Albany homes sell for $102,000 — 70% below the Illinois median of $337,900. Against the national median of $410,700, Albany runs 75% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Albany, IL | $102,000 | not published | 237 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Albany
What buyers should watch
- Months of supply, currently 1.5. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 100.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $166 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $172,026 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Albany listing goes under contract in 237 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 87.3% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Albany added 1 new listings against 2 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +7.5% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Albany varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Albany
There are currently 3 homes listed for sale in Albany, Illinois. The median listing price is $230K. Featured listings range from $12,000 to $274,900.
$13,500
Garrett Ave Lot 110
Albany, IL
Land15,246 sqft lot
View photos & details
$13,500
Garrett Ave Lot 113
Albany, IL
Land17,860 sqft lot
View photos & details
$15,000
5th Ave S Lot 2
Albany, IL
Land33,106 sqft lot
View photos & details
$31,500
Chippewa Trl Lots 131 & 130
Albany, IL
Land34,848 sqft lot
View photos & details
$34,900
302 N Bluff St
Albany, IL
4 bd2 ba1,600 sqft$22/ft²
House8,276 sqft lot
View photos & details
$44,900
207 3rd Ave N
Albany, IL
Land
View photos & details
$47,500
508 N Bluff St
Albany, IL
2 bd1 ba1,470 sqft$32/ft²
House16,117 sqft lot
View photos & details
$149,900
507 S Church St
Albany, IL
3 bd2 ba1,997 sqft$75/ft²
House
View photos & details
$169,900
301 N Church St
Albany, IL
2 bd1 ba878 sqft$194/ft²
House
View photos & details
$175,000
12694 Meredosia Rd
Albany, IL
3 bd2 ba1,183 sqft$148/ft²
House5.00 acres
View photos & details
$274,900
105 S Bluff St
Albany, IL
3 bd3 ba1,958 sqft$140/ft²
House
View photos & details
Looking to buy in Albany?
Get connected with a local real estate expert — free, no obligation.
Active listings
3
Homes on market
Median list price
$230K
Avg. days on market
237
Days until sale
New this week
1
Newly listed
Price drops:100.0%of listings
Sale-to-list:87.3%
How much do homes cost in Albany by property type?
How the Albany, IL market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $102,000 | $108/sq ft | 2 | 237 days |
| Condo / co-op | $170,000 | $121/sq ft | 1 | 102 days |
| Townhouse | $144,000 | $121/sq ft | 1 | 8 days |
Who lives in Albany?
American Community Survey estimates for Albany. U.S. Census ACS, 2023
Population
783
Households
320
Median income
$68,750/yr
Median age
37.9 years
Owner-occupied
90.9%
Median home value
$147,800
Median gross rent
$721/mo
Mean commute
23.5 min
90.9% of occupied homes in Albany are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $147,800 against Zillow's $172,026 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Albany, IL?
Ordered by distance from Albany, not by size. Compare Albany side by side with any of them.
Albany housing market FAQ
Is Albany a buyer's or seller's market?
Albany, IL is currently a balanced market. That read comes from 1.5 months of supply, homes going under contract in about 237 days, and sellers getting 87.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Albany?
The typical home in Albany, IL is worth $172,026 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $102,000, about $108 per square foot.
Is Albany cheaper than the rest of Illinois?
Albany's median sale price of $102,000 is 70% lower than the Illinois statewide median of $337,900, and 75% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Albany?
Homes in Albany, IL spent a median of 237 days on market before going under contract, versus 43 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Albany?
At the current 30-year fixed rate of 6.66%, 20% down on a $172,026 home is about $884 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $37,902 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $68,750.
Are home prices rising in Albany?
The typical home value in Albany, IL rose 7.5% over the last 12 months, from $160,020 to $172,026 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Albany?
Albany ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Albany?
That depends on your timeline, not on a headline. What the data says today: Albany, IL is a balanced market with 1.5 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Albany, IL
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Albany
Nearby markets
Get the Albany market brief
Get the Albany, IL market brief
One email: what homes are actually clearing at around $172,026, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.