$69,900
505 Bidwell St
Albion, MI
3 bd1 ba1,144 sqft$61/ft²
House3,049 sqft lot
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Sarah Mitchell
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Compass Real Estate · Albion, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Albion, MI(512) 555-0184TX License #0512847
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Albion, MI Housing Market & Real Estate
Buyer's market-27.5% YoY
Housing market overview · Updated monthly ·
$95,000median sale price
How is the Albion, MI housing market right now?
The median home sale price in Albion, MI is $95,000, down 27.5% year-over-year. Homes sell in an average of 91 days with 28 active listings. The market is currently a buyer'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 Albion a buyer's or seller's market?
Buyer's market5.6 months of supply91 avg. days on market
Albion, MI is currently a buyer's market, based on 5.6 months of supply and homes selling in about 91 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
91
Average pace
Active listings
28
5.6 months supply
Sale-to-list
92.9%
Below asking
What does the Albion housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $95,000 |
| Median list price | $99,900 |
| Year-over-year price change | -27.5% |
| Average days on market | 91 days |
| Active inventory | 28 listings |
| Months of supply | 5.6 months |
| Sale-to-list price ratio | 92.9% |
| Median price per sq ft | $64/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 13 |
| Listings with a price cut | 39.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Albion by property type?
How the Albion, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $100,000 | $67/sq ft | 4 | 85 days |
Source: Redfin · Updated monthly
The Albion housing market is currently classified as a buyer's market with a median sale price of $95,000. Prices have fallen 27.5% compared to last year, with homes spending an average of 91 days on market, indicating 5.6 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 3.6x provides context for how home values compare to local earning capacity.
Homes for sale in Albion
There are currently 28 homes listed for sale in Albion, Michigan. The median listing price is $100K. Featured listings range from $69,900 to $700,000.
$78,900
214 E Walnut St
Albion, MI
2 bd1 ba952 sqft$83/ft²
House10,454 sqft lot
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$114,900
1208 N Eaton St
Albion, MI
2 bd1 ba768 sqft$150/ft²
House7,841 sqft lot
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$129,900
1113 E Cass St
Albion, MI
4 bd2 ba2,584 sqft$50/ft²
House6,970 sqft lot
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$130,000
1302 N Eaton St
Albion, MI
0 bd2 ba960 sqft$135/ft²
House10,454 sqft lot
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$170,000
312 Perry St
Albion, MI
3 bd2 ba1,505 sqft$113/ft²
House5,663 sqft lot
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$175,000
907 Sheridan Ct
Albion, MI
3 bd2 ba1,110 sqft$158/ft²
House6,970 sqft lot
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$185,000
25953 D Dr S
Albion, MI
2 bd2 ba1,344 sqft$138/ft²
House37,897 sqft lot
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$249,900
19985 26 Mile Rd
Albion, MI
3 bd1 ba1,056 sqft$237/ft²
House1.00 acres
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$410,000
903 Cram Ln
Albion, MI
4 bd5 ba4,022 sqft$102/ft²
House1.59 acres
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$549,000
7295 N Gibbs Rd
Albion, MI
5 bd3 ba3,904 sqft$141/ft²
House8.56 acres
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$700,000
4601 Anderson Dr
Albion, MI
2 bd2 ba1,520 sqft$461/ft²
House5,227 sqft lot
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Looking to buy in Albion?
Get connected with a local real estate expert — free, no obligation.
Active listings
28
Homes on market
Median list price
$100K
Avg. days on market
91
Days until sale
New this week
13
Newly listed
Price drops:39.3%of listings
Sale-to-list:92.9%
Who lives in Albion?
Population
7,608
Median income
$40,040/yr
Median age
25.6 years
Owner-occupied
61.6%
College grads
17.6%
Avg commute
24.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Albion?
Zillow home value
$142,998
Zillow rent index
$1,095/mo
Price-to-rent ratio
10.9x
Price-to-income
3.6x
Source: Zillow Research
What is it like to live in Albion?
Albion is a community of approximately 8K residents with a median age of 25.6 years.The median household income is $40,040, which represents a working-class community with solid middle-income opportunities. 17.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 61.6%, showing a blend of owner and renter-occupied properties. The average commute time is 24.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Albion offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Albion?
2 schools tracked · 372 students
The largest public schools serving Albion, MI 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.
Harrington Elementary School
Grades PK-5 · 259 students
Marshall Opportunity High School
Grades 9-12 · 113 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 Albion, MI?
Want a head-to-head view? Compare Albion side-by-side with any other U.S. city using our market-comparison tool.
Is Albion a good real estate investment market?
For investors evaluating Albion, the price-to-rent ratio of 10.9x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 27.5% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Albion's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Albion's median home price.
Frequently asked questions
What is the average home price in Albion?
The median home sale price in Albion is $95,000, down 27.5% from last year.
How long do homes stay on market in Albion?
Homes typically spend 91 days on market before going under contract.
What is the median income in Albion?
The median household income is $40,040 per year.
Is Albion a buyer's or seller's market?
With 5.6 months of supply, Albion is currently a buyer's market.
How many homes are for sale in Albion?
There are currently 28 homes listed for sale in Albion, MI.
What is the Zillow home value estimate for Albion?
The Zillow Home Value Index (ZHVI) for Albion is $142,998, representing the typical home value in the area.
How much does a single-family home cost in Albion?
The median single-family home price in Albion, MI is $100,000 (about $67 per square foot).
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