Is Albany, NY 12260 a buyer’s or seller’s market?
Albany is a seller’s market. With about 3.4 months of supply and 36% 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.
More competitive than 53% of U.S. ZIP codes, and #408 of 624 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
The Albany housing market right now
In the three months ending August 31, 2026, 36% of homes in Albany, NY 12260 sold above their list price, the typical home went under contract in 20 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 55%, homes sold more slowly (13 days then) and the median sale price fell 18% to $227,402. Overall, Albany is less competitive than a year ago, which gives buyers more room.
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Questions about Albany real estate
Is Albany a buyer’s or seller’s market?
A seller’s market: there were 3.4 months of supply in Albany, NY 12260 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 20 days in the latest three months.
Do homes in Albany sell over asking?
36% of homes sold above their original list price, and the typical sale closed at 92.8% of the list price.
What is the median home price in Albany?
The median sale price was $227,402 in the three months ending August 31, 2026, about $143 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