Is Albion, PA 16401 a buyer’s or seller’s market?
Albion is a seller’s market. With about 2.1 months of supply and 17% 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 Albion housing market right now
In the three months ending August 31, 2026, 17% of homes in Albion, PA 16401 sold above their list price, the typical home went under contract in 16 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (17% then), homes sold faster (64 days then) and the median sale price rose 2% to $222,354. Overall, Albion is more competitive than a year ago, so tougher for buyers.
Within Erie County, homes here sell more slowly than in 79% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, West Springfield 16443 (100% sold over asking) and Harborcreek 16421 (60% sold over asking) are even more competitive.
Run the numbers for 16401
Nearby markets
Corry 16407Seller’s market $97 /sq ftCranesville 16410Seller’s market $160 /sq ftEast Springfield 16411Seller’s market $96 /sq ftEdinboro 16412Seller’s market $186 /sq ft Browse all markets →Towns like Albion nearby
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Questions about Albion real estate
Is Albion a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Albion, PA 16401 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 Albion?
The typical home went under contract in 16 days in the latest three months.
Do homes in Albion sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 99.2% of the list price.
What are property taxes in Albion?
About 1.60% of a home’s value a year in Erie County, or roughly $6,400 on a $400,000 home.
What is the median home price in Albion?
The median sale price was $222,354 in the three months ending August 31, 2026, about $123 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