Is Albion, NY 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, Albion has remained a Seller's Market.
Housing Prices in Albion, NY
How much do homes in Albion, NY cost?
Median Sold Price
$155,250
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Albion was $155,250 in April 2024, up 15% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | - | N/A |
2 Bedrooms | $121K | $142.9K | +18.1% |
3 Bedrooms | $135K | $137.2K | +1.7% |
4 Bedrooms | $150K | $190K | +26.7% |
5+ Bedrooms | $215K | $199K | -7.4% |
Summary: Albion housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Cities
Richland | $145.8K | $190K | +30.3% |
Albion | $135K | $155.2K | +15.0% |
Housing Supply in Albion, NY
How many homes are available in Albion, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 32 | -25.6% |
Summary: The Albion real estate market had 32 homes for sale in April 2024, a 25.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 15 | 13 | -13.3% |
4 Bedrooms | 7 | 4 | -42.9% |
5+ Bedrooms | 11 | 7 | -36.4% |
Summary: The Albion housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 36.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Albion in April 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Albion, NY
How long does it take to sell a home in Albion, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 64 Days | +26.6% |
Summary: Homes in Albion had an average of 64 days on market in Apr 2024, up by 26.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Albion; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.