Is Albany, NY 12202 a buyer’s or seller’s market?

The Albany housing market right now

In the three months ending August 31, 2026, 32% of homes in Albany, NY 12202 sold above their list price, the typical home went under contract in 19 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 23 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 29%, homes sold faster (61 days then) and the median sale price rose 3% to $227,402. Overall, Albany is more competitive than a year ago, so tougher for buyers.

Within Albany County, homes here sell more slowly than in 77% of the county’s ZIP codes, and sell less often over asking than in 80%. On our competition score, Albany ranks #418 of 649 NY ZIP codes with enough sales (score 57 out of 100).

Nearby, buyers who want less competition could look at Albany 12207 (0% sold over asking) or Rensselaerville 12147 (0% sold over asking), while Guilderland 12084 (100% sold over asking) and South Bethlehem 12161 (100% sold over asking) are even more competitive.