Is Albany, GA 31701 a buyer’s or seller’s market?
Albany is a buyer’s market. With about 12.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 29% of U.S. ZIP codes, and #170 of 371 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 August 31, 2026. See the breakdown
The Albany housing market right now
In the three months ending August 31, 2026, 15% of homes in Albany, GA 31701 sold above their list price, the typical home went under contract in 21 days and there were 12.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 21 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (74 days then) and the median sale price rose 148% to $99,207. Overall, Albany is more competitive than a year ago, so tougher for buyers.
On our competition score, Albany ranks #170 of 371 GA ZIP codes with enough sales (score 32 out of 100).
Nearby, Albany 31705 (26% sold over asking) and Albany 31707 (24% sold over asking) are even more competitive.
Run the numbers for 31701
Nearby markets
Albany 31705Buyer’s market $91 /sq ftAlbany 31707Buyer’s market $98 /sq ftAlbany 31721Balanced $124 /sq ft Browse all markets →Towns like Albany nearby
Find towns like Albany in other states →Where Albany is
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Questions about Albany real estate
Is Albany a buyer’s or seller’s market?
A buyer’s market: there were 12.5 months of supply in Albany, GA 31701 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 21 days in the latest three months.
Do homes in Albany sell over asking?
15% of homes sold above their original list price, and the typical sale closed at 96.4% of the list price.
What are property taxes in Albany?
About 1.33% of a home’s value a year in Dougherty County, or roughly $5,320 on a $400,000 home.
What is the median home price in Albany?
The median sale price was $99,207 in the three months ending August 31, 2026, about $76 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