Is Albany, GA 31705 a buyer’s or seller’s market?
Albany is a buyer’s market. With about 8.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 30% of U.S. ZIP codes, and #164 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, 26% of homes in Albany, GA 31705 sold above their list price, the typical home went under contract in 54 days and there were 8.2 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 20 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (67 days then) and the median sale price rose 99% to $139,939. Overall, Albany is more competitive than a year ago, so tougher for buyers.
On our competition score, Albany ranks #164 of 371 GA ZIP codes with enough sales (score 33 out of 100).
Nearby, buyers who want less competition could look at Albany 31721 (15% sold over asking) or Albany 31701 (15% sold over asking).
Run the numbers for 31705
Nearby markets
Albany 31701Buyer’s market $76 /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 8.2 months of supply in Albany, GA 31705 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 54 days in the latest three months.
Do homes in Albany sell over asking?
26% of homes sold above their original list price, and the typical sale closed at 97.2% 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 $139,939 in the three months ending August 31, 2026, about $91 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