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Featured local agent — Albany, IL

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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

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Albany, IL Housing Market & Real Estate

Balanced market

Housing market overview · Updated monthly · Data refreshed May 2026

$102,000median sale price

How is the Albany, IL housing market right now?

The median home sale price in Albany, IL is $102,000. Homes sell in an average of 237 days with 3 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)

Is Albany a buyer's or seller's market?

Balanced market1.5 months of supply237 avg. days on market

Albany, IL is currently a balanced market, based on 1.5 months of supply and homes selling in about 237 days. How we determine this →

Homes sold

Last 12 weeks

Days on market

237

Average pace

Active listings

1.5 months supply

Sale-to-list

87.3%

Below asking

What does the Albany housing market data show?

Current housing market statistics for Albany, IL
Metric	Value
Median sale price	$102,000
Median list price	$230,000
Average days on market	237 days
Active inventory	3 listings
Months of supply	1.5 months
Sale-to-list price ratio	87.3%
Median price per sq ft	$108/sq ft
Homes sold (latest month)	2
New listings (latest month)	1
Listings with a price cut	100.0%
Market condition	Balanced market

Source: Redfin · Updated monthly

How much do homes cost in Albany by property type?

How the Albany, IL market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Albany, IL
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

Source: Redfin · Updated monthly

The Albany housing market is currently classified as a balanced market with a median sale price of $102,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 237 days on market, indicating 1.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.5x provides context for how home values compare to local earning capacity.

Market trends

4 bd2 ba1,600 sqft$22/ft²

House8,276 sqft lot

View photos & details

$44,900

Albany, IL

3 bd3 ba1,958 sqft$140/ft²

House

View photos & details

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Active listings

Homes on market

Median list price

$230K

Avg. days on market

237

Days until sale

New this week

Newly listed

Price drops:100.0%of listings

Sale-to-list:87.3%

Who lives in Albany?

Population

783

Median income

$68,750/yr

Median age

37.9 years

Owner-occupied

90.9%

College grads

13.9%

Avg commute

23.5 min

Source: U.S. Census Bureau ACS

What are homes worth in Albany?

Zillow home value

$171,917

Price-to-income

2.5x

Source: Zillow Research

What is it like to live in Albany?

Albany is a community of approximately 1K residents with a median age of 37.9 years.The median household income is $68,750, which represents a working-class community with solid middle-income opportunities. 13.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.

Homeownership rates are at 90.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Albany offers a balanced lifestyle with accessible home values relative to local income levels.

Which cities are near Albany, IL?

Want a head-to-head view? Compare Albany side-by-side with any other U.S. city using our market-comparison tool.

Fulton

Erie

Hillsdale

Port Byron

Prophetstown

Hampton

Carbon Cliff

Colona

Frequently asked questions

What is the average home price in Albany?

The median home sale price in Albany is $102,000, down 0.0% from last year.

How long do homes stay on market in Albany?

Homes typically spend 237 days on market before going under contract.

What is the median income in Albany?

The median household income is $68,750 per year.

Is Albany a buyer's or seller's market?

With 1.5 months of supply, Albany is currently a balanced market.

How many homes are for sale in Albany?

There are currently 3 homes listed for sale in Albany, IL.

What is the Zillow home value estimate for Albany?

The Zillow Home Value Index (ZHVI) for Albany is $171,917, representing the typical home value in the area.

What is the median condo price in Albany?

The median condo/co-op sale price in Albany, IL is $170,000, compared to $102,000 for a single-family home, based on the latest Redfin data.

How much does a single-family home cost in Albany?

The median single-family home price in Albany, IL is $102,000 (about $108 per square foot).

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