Is Albany, GA 31721 a buyer’s or seller’s market?
Albany is a balanced market. With about 5.5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 25% of U.S. ZIP codes, and #216 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 31721 sold above their list price, the typical home went under contract in 52 days and there were 5.5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 42 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold more slowly (45 days then) and the median sale price rose 34% to $269,883. Overall, Albany is less competitive than a year ago, which gives buyers more room.
On our competition score, Albany ranks #216 of 371 GA ZIP codes with enough sales (score 29 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 31721
Nearby markets
Albany 31701Buyer’s market $76 /sq ftAlbany 31705Buyer’s market $91 /sq ftAlbany 31707Buyer’s market $98 /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 balanced market: there were 5.5 months of supply in Albany, GA 31721 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 52 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 97.7% 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 $269,883 in the three months ending August 31, 2026, about $124 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