Is Albany, IN 47320 a buyer’s or seller’s market?
Albany is a seller’s market. With about 1.8 months of supply and 29% 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.
The Albany housing market right now
In the three months ending August 31, 2026, 29% of homes in Albany, IN 47320 sold above their list price, the typical home went under contract in 12 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 8%, homes sold faster (23 days then) and the median sale price rose 7% to $167,428. Overall, Albany is more competitive than a year ago, so tougher for buyers.
Within Delaware County, homes here sell faster than in 78% of the county’s ZIP codes, and sell more often over asking than in 78%.
Nearby, buyers who want less competition could look at Muncie 47305 (8% sold over asking) or Yorktown 47396 (12% sold over asking), while Eaton 47338 (33% sold over asking) and Gaston 47342 (33% sold over asking) are even more competitive.
Run the numbers for 47320
Nearby markets
Daleville 47334Seller’s market $138 /sq ftEaton 47338Seller’s market $151 /sq ftGaston 47342Seller’s market $187 /sq ftMuncie 47302Seller’s market $93 /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 seller’s market: there were 1.8 months of supply in Albany, IN 47320 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 12 days in the latest three months.
Do homes in Albany sell over asking?
29% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.
What are property taxes in Albany?
About 0.75% of a home’s value a year in Delaware County, or roughly $3,000 on a $400,000 home.
What is the median home price in Albany?
The median sale price was $167,428 in the three months ending August 31, 2026, about $120 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