$55,000
Red Lake Rd
Albany, OK
Land4.61 acres
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Sarah Mitchell
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Compass Real Estate · Albany, OK
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Albany, OK(512) 555-0184TX License #0512847
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Albany, OK Housing Market
Strong seller's market
Redfin, through July 2023 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The last median sale price Redfin published was $300,000 (through May 2026). With 1.0 months of supply and homes going under contract in about 12 days, Albany is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $300,000 home is about $1,602/mo in principal and interest.
Key numbers for Albany, OK
Median sale price
$300,000
Last published period
Redfin, through July 2023
Days on market
12
Fast-moving
Redfin, through July 2023
Active listings
1
1.0 months of supply
Redfin, through July 2023
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$47,857
Home costs 6.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.0%
Selling above asking
Redfin, through July 2023
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Albany a buyer's or seller's market?
Strong seller's market1.0 months of supply12 days on market100.0% of asking
Albany, OK is a strong seller's market, based on 1.0 months of supply and homes selling in about 12 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Albany housing market data show?
Every row below is Redfin's final published month for Albany, OK. Redfin, through July 2023
| Metric | Value |
|---|---|
| Median sale price | $300,000 |
| Median price per sq ft | $195/sq ft |
| Median days on market | 12 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 1 |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Albany is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Albany is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Albany home prices moved?
We hold fewer than three months of sale history for Albany, OK, which is not enough to draw a trend line without misleading you. The Zillow value figures above are the current read for this city.
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What does it cost to buy a home in Albany?
Priced off the median sale price of $300,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $60,000 | $240,000 | $1,602/mo |
| 5% | $15,000 | $285,000 | $1,902/mo |
Redfin, through July 2023 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,602, that implies roughly $68,638 a year before you add taxes and insurance. The median household in Albany earns $47,857, about $20,781 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 6.3x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Albany in the next 12 months?
Tell us your timeline. We send the Albany market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Albany?
Zillow does not publish a rent index (ZORI) for Albany, OK, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Albany?
We hold fewer than two months of inventory readings for Albany, OK, so there is no trend to report yet. The most recent count we have is 1 active listings (Redfin, through May 2026).
How does Albany compare to Oklahoma and the U.S.?
Albany homes sell for $300,000 — 13% above the Oklahoma median of $264,600. Against the national median of $410,700, Albany runs 27% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Albany, OK | $300,000 | not published | 12 days |
| Oklahoma statewide | $264,600 | +1.9% | 39 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through July 2023 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Albany
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $300 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $300,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Albany listing goes under contract in 12 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.0% of asking. Price at the number you want and let competition do the rest.
- Comparable ZIP-level pricing inside Albany varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Albany
There are currently 1 homes listed for sale in Albany, Oklahoma. Featured listings range from $55,000 to $140,000.
$140,000
549 Wann Cir
Albany, OK
Land10.00 acres
View photos & details
Looking to buy in Albany?
Get connected with a local real estate expert — free, no obligation.
Active listings
1
Homes on market
Avg. days on market
12
Days until sale
Sale-to-list:100.0%
How much do homes cost in Albany by property type?
How the Albany, OK market breaks down across single-family homes, condos and townhouses. Redfin, through July 2023
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $300,000 | $195/sq ft | 1 | 12 days |
Who lives in Albany?
American Community Survey estimates for Albany. U.S. Census ACS, 2023
Population
150
Households
60
Median income
$47,857/yr
Median age
45.8 years
Owner-occupied
73.3%
Median home value
$134,400
73.3% of occupied homes in Albany are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Albany, OK?
Ordered by distance from Albany, not by size. Compare Albany side by side with any of them.
Albany housing market FAQ
Is Albany a buyer's or seller's market?
Albany, OK is currently a strong seller's market. That read comes from 1.0 months of supply, homes going under contract in about 12 days, and sellers getting 100.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Albany?
The median sale price in the last month Redfin published was $300,000, about $195 per square foot.
Is Albany cheaper than the rest of Oklahoma?
Albany's median sale price of $300,000 is 13% higher than the Oklahoma statewide median of $264,600, and 27% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Albany?
Homes in Albany, OK spent a median of 12 days on market before going under contract, versus 39 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Albany?
At the current 30-year fixed rate of 7.03%, 20% down on a $300,000 home is about $1,602 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $68,638 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $47,857.
Are home prices rising in Albany?
We do not hold a complete 12-month value series for Albany, OK yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Albany?
Albany ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Albany?
That depends on your timeline, not on a headline. What the data says today: Albany, OK is a strong seller's market with 1.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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