The Albany housing market is somewhat competitive. The median sale price of a home in Albany was $230K last month, up 0.9% since last year. The median sale price per square foot in Albany is $139, up 11.2% since last year.
In March 2024, Albany home prices were up 0.9% compared to last year, selling for a median price of $230K. On average, homes in Albany sell after 37 days on the market compared to 20 days last year. There were 67 homes sold in March this year, up from 67 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$230,000
+0.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Albany, NY
$230,000
+0.9%
United States
To compare other locations to the Albany and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Albany's median sale price is 44% lower than the national average. Overall cost of living in Albany is 3% higher than the national average. Learn which home features in Albany add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Albany housing market?
Albany is somewhat competitive. Homes sell in 35.5 days.
0
100
63
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 36 days.
Hot homes
can sell for about 5% above list price and go pending in around 8 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Albany
Explore recent offers and recently sold homes in Albany
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
8/10
Montessori Magnet School
Public • PreK-5 • Choice school
317
Students
8 reviews
8/10
Shaker Road Elementary School
Public • K-4
341
Students
5 reviews
7/10
Red Mill School
Public • K-5
402
Students
5 reviews
7/10
Slingerlands Elementary School
Public • K-5
470
Students
1 reviews
7/10
Loudonville School
Public • K-6
335
Students
2 reviews
Only showing 5 of
24 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Albany housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Albany.
Risk Factor
Flood Factor - Moderate
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Albany has a moderate risk of flooding. 2,830 properties in Albany are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in Albany. Flood risk is increasing slower than the national average.
40% of properties are at risk of wildfire over the next 30 years
Fire Factor
Albany has a moderate risk of wildfire. There are 12,011 properties in Albany that have some risk of being affected by wildfire over the next 30 years. This represents 40% of all properties in Albany.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Albany has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Albany is most at risk from hurricanes. 29,333 properties in Albany have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 61 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 68 mph.