Is Albia, IA 52531 a buyer’s or seller’s market?
Albia is a balanced market. With about 4.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Albia housing market right now
In the three months ending August 31, 2026, 0% of homes in Albia, IA 52531 sold above their list price, the typical home went under contract in 36 days and there were 4.1 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. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 21%, homes sold about as fast and the median sale price fell 17% to $119,948. Overall, Albia is less competitive than a year ago, which gives buyers more room.
Nearby, Lovilia 50150 (50% sold over asking) and Melrose 52569 (50% sold over asking) are even more competitive.
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Questions about Albia real estate
Is Albia a buyer’s or seller’s market?
A balanced market: there were 4.1 months of supply in Albia, IA 52531 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 Albia?
The typical home went under contract in 36 days in the latest three months.
Do homes in Albia sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 92.2% of the list price.
What are property taxes in Albia?
About 1.37% of a home’s value a year in Monroe County, or roughly $5,480 on a $400,000 home.
What is the median home price in Albia?
The median sale price was $119,948 in the three months ending August 31, 2026, about $87 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