Is Albion, IN 46701 a buyer’s or seller’s market?

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

Albion is a seller’s market. With about 2 months of supply and 15% 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.

Competition score50/ 100

More competitive than 51% of U.S. ZIP codes, and #167 of 306 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

Months of supply2Under 4 months = seller’s market
Sold above original list14.8%Share of sales, last 3 months
Median sale-to-list97.4%Sold price ÷ list price
Median days on market25Listing to accepted offer
Median price per sq ft$146▼ −3.2% vs. last year

The Albion housing market right now

In the three months ending August 31, 2026, 15% of homes in Albion, IN 46701 sold above their list price, the typical home went under contract in 25 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 28 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 19%, homes sold more slowly (13 days then) and the median sale price fell 26% to $189,918. Overall, Albion is less competitive than a year ago, which gives buyers more room.

Within Noble County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in 75%. On our competition score, Albion ranks #167 of 306 IN ZIP codes with enough sales (score 50 out of 100).

Nearby, buyers who want less competition could look at Rome City 46784 (7% sold over asking), while Ligonier 46767 (43% sold over asking) and Kimmell 46760 (25% sold over asking) are even more competitive.

Nearby markets

Avilla 46710Seller’s market $151 /sq ftCromwell 46732Seller’s market $166 /sq ftKendallville 46755Seller’s market $152 /sq ftKimmell 46760Seller’s market $123 /sq ft Browse all markets →

Where Albion is

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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 months of supply in Albion, IN 46701 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 25 days in the latest three months.

Do homes in Albion sell over asking?

15% of homes sold above their original list price, and the typical sale closed at 97.4% of the list price.

What are property taxes in Albion?

About 0.67% of a home’s value a year in Noble County, or roughly $2,680 on a $400,000 home.

What is the median home price in Albion?

The median sale price was $189,918 in the three months ending August 31, 2026, about $146 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