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Is Albany, KY 42602 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Albany is a buyer’s market. With about 6.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list94.2%Sold price ÷ list price
Median days on market183Listing to accepted offer
Median price per sq ft$108▼ −24.7% vs. last year

The Albany housing market right now

In the three months ending August 31, 2026, 0% of homes in Albany, KY 42602 sold above their list price, the typical home went under contract in 183 days and there were 6.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 8 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (100 days then) and the median sale price rose 25% to $231,400. Overall, Albany is less competitive than a year ago, which gives buyers more room.

Run the numbers for 42602

Prefilled for 42602Can I win this house?Multiple-offer likelihood for a listing Prefilled for 42602Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

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Towns like Albany nearby

Find towns like Albany in other states →
Monticello, KY42633 · 21 miles away93% similarlarger Burkesville, KY42717 · 16 miles away91% similarVery close on income, prices and more Russell Springs, KY42642 · 26 miles away89% similarpricier homes ($29K more) · larger Columbia, KY42728 · 31 miles away88% similarpricier homes ($27K more) · larger

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 6.8 months of supply in Albany, KY 42602 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 183 days in the latest three months.

Do homes in Albany sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 94.2% of the list price.

What are property taxes in Albany?

About 0.52% of a home’s value a year in Clinton County, or roughly $2,080 on a $400,000 home.

What is the median home price in Albany?

The median sale price was $231,400 in the three months ending August 31, 2026, about $108 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