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Featured local agent — Albany, NY

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Sarah Mitchell

CNESRESABR

Compass Real Estate · Albany, NY

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Albany, NY(512) 555-0184TX License #0512847

Visit website →sarahmitchellhomes.com

5.0 · 47 reviews

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Albany, NY Housing Market & Real Estate

Strong seller's market-1.0% YoY

Housing market overview · Updated monthly · Data refreshed May 2026

$267,200median sale price

How is the Albany, NY housing market right now?

The median home sale price in Albany, NY is $267,200, down 1.0% year-over-year. Homes sell in an average of 10 days with 129 active listings. The market is currently a strong 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?

Strong seller's market2.0 months of supply10 avg. days on market

Albany, NY is currently a strong seller's market, based on 2.0 months of supply and homes selling in about 10 days. How we determine this →

Homes sold

Last 12 weeks

Days on market

Fast-moving

Active listings

129

2.0 months supply

Sale-to-list

102.1%

Above asking

What does the Albany housing market data show?

Current housing market statistics for Albany, NY
Metric	Value
Median sale price	$267,200
Median list price	$299,999
Year-over-year price change	-1.0%
Average days on market	10 days
Active inventory	129 listings
Months of supply	2.0 months
Sale-to-list price ratio	102.1%
Median price per sq ft	$179/sq ft
Homes sold (latest month)	66
New listings (latest month)	105
Listings with a price cut	22.5%
Market condition	Strong seller's market

Source: Redfin · Updated monthly

How much do homes cost in Albany by property type?

How the Albany, NY 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, NY
Property type	Median price	Price / sq ft	Homes sold	Days on market
Single-family	$276,500	$215/sq ft	38	9 days
Condo / Co-op	$234,400	$185/sq ft	4	7 days
Townhouse	$322,500	$210/sq ft	2	17 days

Source: Redfin · Updated monthly

The Albany housing market is currently classified as a strong seller's market with a median sale price of $267,200. Prices have fallen 1.0% compared to last year, with homes spending an average of 10 days on market, indicating 2.0 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 5.6x provides context for how home values compare to local earning capacity.

Market trends

House17,860 sqft lot

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Active listings

129

Homes on market

Median list price

$300K

Avg. days on market

Days until sale

New this week

105

Newly listed

Price drops:22.5%of listings

Sale-to-list:102.1%

Who lives in Albany?

Population

100,081

Median income

$59,485/yr

Median age

31.9 years

Owner-occupied

37.9%

College grads

44.8%

Avg commute

19.5 min

Source: U.S. Census Bureau ACS

What are homes worth in Albany?

Zillow home value

$336,028

Zillow rent index

$1,611/mo

Price-to-rent ratio

17.4x

Price-to-income

5.6x

Source: Zillow Research

What is it like to live in Albany?

Albany is a community of approximately 100K residents with a median age of 31.9 years.The median household income is $59,485, which represents a working-class community with solid middle-income opportunities. 44.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.

Homeownership rates are at 37.9%, showing a blend of owner and renter-occupied properties. The average commute time is 19.5 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 public schools serve Albany?

34 schools tracked · 17,524 students

The largest public schools serving Albany, NY 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 HIGH SCHOOL

Grades 9-12 · 2,768 students

Public

COLONIE CENTRAL HIGH SCHOOL

Grades 9-12 · 1,561 students

Public

SAND CREEK MIDDLE SCHOOL

Grades 5-8 · 882 students

Public

KIPP TECH VALLEY CHARTER SCHOOL

Grades K-8 · 821 students

Charter

KIPP ALBANY COMMUNITY CHARTER SCHOOL

Grades K-8 · 676 students

Charter

LISHA KILL MIDDLE SCHOOL

Grades 5-8 · 646 students

Public

WILLIAM S HACKETT MIDDLE SCHOOL

Grades 6-8 · 630 students

Public

STEPHEN AND HARRIET MYERS MIDDLE SCHOOL

Grades 6-8 · 573 students

Public

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, NY?

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

Roessleville

Rensselaer

Westmere

Colonie

Bethlehem

Latham

Cohoes

Castleton-on-Hudson

Is Albany a good real estate investment market?

For investors evaluating Albany, the price-to-rent ratio of 17.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 1.0% 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 Albany's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Albany's median home price.

Frequently asked questions

What is the average home price in Albany?

The median home sale price in Albany is $267,200, down 1.0% from last year.

How long do homes stay on market in Albany?

Homes typically spend 10 days on market before going under contract.

What is the median income in Albany?

The median household income is $59,485 per year.

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

With 2.0 months of supply, Albany is currently a strong seller's market.

How many homes are for sale in Albany?

There are currently 129 homes listed for sale in Albany, NY.

What is the Zillow home value estimate for Albany?

The Zillow Home Value Index (ZHVI) for Albany is $336,028, 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, NY is $234,400, compared to $276,500 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, NY is $276,500 (about $215 per square foot).

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