Is Albany, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Albany has remained a Seller's Market.
Housing Prices in Albany, CA
How much do homes in Albany, CA cost?
Median Sold Price
$1,055,000
$910/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Albany was $1,055,000 in April 2024, down 9.4% from last year, and the median price per square foot was $910.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $427.5K | $457.5K | +7.0% |
2 Bedrooms | $986K | $850K | -13.8% |
3 Bedrooms | $1.4M | $1.3M | -6.6% |
4 Bedrooms | $1.6M | $1.8M | +9.3% |
5+ Bedrooms | $1.6M | $2.0M | +22.3% |
Summary: Albany housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 22.3%.
Median Sold Price Compared To Nearby Cities
West Contra Costa | $725.2K | $718.1K | -1.0% |
Richmond | $665K | $650K | -2.3% |
El Cerrito | $1.2M | $1.1M | -3.8% |
Berkeley | $1.5M | $1.3M | -8.2% |
Albany | $1.1M | $1.0M | -9.4% |
Housing Supply in Albany, CA
How many homes are available in Albany, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 36 | +44.0% |
Summary: The Albany real estate market had 36 homes for sale in April 2024, a 44.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 14 | 22 | +57.1% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Albany housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 12 | +71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Albany in April 2024, up by 71.4% month-over-month. Of the 11 sold homes, 18% were sold under asking, 18% were sold at asking, and 64% were sold over asking.
Days on Market for Albany, CA
How long does it take to sell a home in Albany, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 15 Days | -4.7% |
Summary: Homes in Albany had an average of 15 days on market in Apr 2024, down by 4.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Albany; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.