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Featured local agent — New Albany, OH
Sarah Mitchell
Compass Real Estate · New Albany, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Albany, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.25Mmedian sale price
How is the New Albany, OH housing market right now?
The median home sale price in New Albany, OH is $1.25M, up 56.4% year-over-year. Homes sell in an average of 31 days with 39 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 New Albany a buyer's or seller's market?
New Albany, OH is currently a seller's market, based on 2.0 months of supply and homes selling in about 31 days. How we determine this →
Homes sold
20
Last 12 weeks
Days on market
31
Average pace
Active listings
39
2.0 months supply
Sale-to-list
99.5%
Below asking
What does the New Albany housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.25M |
| Median list price | $1.40M |
| Year-over-year price change | +56.4% |
| Average days on market | 31 days |
| Active inventory | 39 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 99.5% |
| Median price per sq ft | $271/sq ft |
| Homes sold (latest month) | 20 |
| New listings (latest month) | 23 |
| Listings with a price cut | 12.8% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in New Albany by property type?
How the New Albany, OH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.40M | $292/sq ft | 19 | 32 days |
| Condo / Co-op | $520,000 | $194/sq ft | 1 | 29 days |
Source: Redfin · Updated monthly
The New Albany housing market is currently classified as a seller's market with a median sale price of $1.25M. Prices have risen 56.4% compared to last year, with homes spending an average of 31 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 2.8x provides context for how home values compare to local earning capacity.
Homes for sale in New Albany
There are currently 39 homes listed for sale in New Albany, Ohio. The median listing price is $1.4M.
Active listings
39
Homes on market
Median list price
$1.4M
Avg. days on market
31
Days until sale
New this week
23
Newly listed
Who lives in New Albany?
Population
10,524
Median income
$232,524/yr
Median age
41 years
Owner-occupied
89.2%
College grads
78.9%
Avg commute
23.3 min
Source: U.S. Census Bureau ACS
What are homes worth in New Albany?
Zillow home value
$645,292
Zillow rent index
$1,735/mo
Price-to-rent ratio
31.0x
Price-to-income
2.8x
Source: Zillow Research
What is it like to live in New Albany?
New Albany is a community of approximately 11K residents with a median age of 41 years.The median household income is $232,524, which reflects a relatively affluent area with strong earning potential. 78.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 89.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, New Albany offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve New Albany?
5 schools tracked · 5,065 students
The largest public schools serving New Albany, OH 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.
New Albany High School
Grades 9-12 · 1,596 students
New Albany Intermediate School
Grades 4-6 · 1,176 students
New Albany Primary School
Grades 1-3 · 1,025 students
New Albany Middle School
Grades 7-8 · 746 students
New Albany Early Learning Center
Grades PK-K · 522 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 New Albany, OH?
Want a head-to-head view? Compare New Albany side-by-side with any other U.S. city using our market-comparison tool.
Is New Albany a good real estate investment market?
For investors evaluating New Albany, the price-to-rent ratio of 31.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 56.4% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on New Albany's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using New Albany's median home price.
Frequently asked questions
What is the average home price in New Albany?
The median home sale price in New Albany is $1.25M, up 56.4% from last year.
How long do homes stay on market in New Albany?
Homes typically spend 31 days on market before going under contract.
What is the median income in New Albany?
The median household income is $232,524 per year.
Is New Albany a buyer's or seller's market?
With 2.0 months of supply, New Albany is currently a seller's market.
What is the Zillow home value estimate for New Albany?
The Zillow Home Value Index (ZHVI) for New Albany is $645,292, representing the typical home value in the area.
What is the median condo price in New Albany?
The median condo/co-op sale price in New Albany, OH is $520,000, compared to $1.40M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in New Albany?
The median single-family home price in New Albany, OH is $1.40M (about $292 per square foot).
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