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Featured local agent — Albany, IN
Sarah Mitchell
Compass Real Estate · Albany, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Albany, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$180,000median sale price
How is the Albany, IN housing market right now?
The median home sale price in Albany, IN is $180,000, down 19.1% year-over-year. Homes sell in an average of 4 days with 5 active listings. The market is currently a seller's 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?
Albany, IN is currently a seller's market, based on 5.0 months of supply and homes selling in about 4 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
4
Fast-moving
Active listings
5
5.0 months supply
Sale-to-list
107.1%
Above asking
What does the Albany housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $180,000 |
| Median list price | $154,900 |
| Year-over-year price change | -19.1% |
| Average days on market | 4 days |
| Active inventory | 5 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 107.1% |
| Median price per sq ft | $115/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 6 |
| Listings with a price cut | 40.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Albany by property type?
How the Albany, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $180,000 | $115/sq ft | 1 | 4 days |
| Condo / Co-op | $222,500 | $159/sq ft | 1 | 3 days |
Source: Redfin · Updated monthly
The Albany housing market is currently classified as a seller's market with a median sale price of $180,000. Prices have fallen 19.1% compared to last year, with homes spending an average of 4 days on market, indicating 5.0 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 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in Albany
There are currently 5 homes listed for sale in Albany, Indiana. The median listing price is $155K.
Active listings
5
Homes on market
Median list price
$155K
Avg. days on market
4
Days until sale
New this week
6
Newly listed
Who lives in Albany?
Population
2,984
Median income
$56,356/yr
Median age
50.5 years
Owner-occupied
81.9%
College grads
12.2%
Avg commute
30.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Albany?
Zillow home value
$205,923
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Albany?
Albany is a community of approximately 3K residents with a median age of 50.5 years.The median household income is $56,356, which represents a working-class community with solid middle-income opportunities. 12.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 81.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 30.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Albany offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Albany?
1 schools tracked · 263 students
The largest public schools serving Albany, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Albany Elementary School
Grades K-5 · 263 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Albany, IN?
Want a head-to-head view? Compare Albany side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Albany?
The median home sale price in Albany is $180,000, down 19.1% from last year.
How long do homes stay on market in Albany?
Homes typically spend 4 days on market before going under contract.
What is the median income in Albany?
The median household income is $56,356 per year.
Is Albany a buyer's or seller's market?
With 5.0 months of supply, Albany is currently a seller's market.
What is the Zillow home value estimate for Albany?
The Zillow Home Value Index (ZHVI) for Albany is $205,923, 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, IN is $222,500, compared to $180,000 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, IN is $180,000 (about $115 per square foot).
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