Is Albany, NY 12207 a buyer’s or seller’s market?
Albany is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Albany housing market right now
In the three months ending August 31, 2026, 0% of homes in Albany, NY 12207 sold above their list price, the typical home went under contract in 35 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (110 days then) and the median sale price fell 16% to $317,363. Overall, Albany is more competitive than a year ago, so tougher for buyers.
Within Albany County, homes here sell more slowly than in 93% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Guilderland 12084 (100% sold over asking) and South Bethlehem 12161 (100% sold over asking) are even more competitive.
Run the numbers for 12207
Nearby markets
Albany 12202Seller’s market $118 /sq ftAlbany 12203Seller’s market $213 /sq ftAlbany 12204Seller’s market $211 /sq ftAlbany 12205Seller’s market $245 /sq ft Browse all markets →Towns like Albany nearby
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Questions about Albany real estate
Is Albany a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Albany, NY 12207 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Albany?
The typical home went under contract in 35 days in the latest three months.
Do homes in Albany sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.7% of the list price.
What are property taxes in Albany?
About 1.77% of a home’s value a year in Albany County, or roughly $7,080 on a $400,000 home.
What is the median home price in Albany?
The median sale price was $317,363 in the three months ending August 31, 2026, about $78 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology