Albany County, NY Home Values & Market Trends
The median home price in Albany County, NY is $300,842.24. There were 949 home sales in Albany County, NY over the past 12 months. The median residential Albany County, NY home value for transactions over the previous year is $249,000. The number of current listings in Albany County, NY is 305, and the percentage of properties for sale is 305.00%. The county has 1,060 foreclosures, 26 bank owned properties, 24 headed for auction, and 305 properties for sale.
Albany County, NY Real Estate Market Overview
City | Median Est. Value | City | Median Est. Value |
---|---|---|---|
Albany | $ 258,382 $ 155/sqft | Selkirk | $ 213,216 $ 167/sqft |
Troy | $ 234,900 $ 147/sqft | Coeymans | $ 173,983 $ 116/sqft |
Delmar | $ 344,067 $ 201/sqft | Medusa | $ 241,171 $ 148/sqft |
Cohoes | $ 223,511 $ 179/sqft | East Berne | $ 49,900 $ 77/sqft |
Latham | $ 398,831 $ 205/sqft | Feura Bush | $ 739,900 $ 242/sqft |
Voorheesville | $ 344,401 $ 216/sqft | Rensselaerville | $ -- $ -- |
Watervliet | $ 201,700 $ 104/sqft | South Bethlehem | $ 162,000 $ 70/sqft |
Slingerlands | $ 580,000 $ 216/sqft | Coeymans Hollow | $ -- $ -- |
Altamont | $ 419,500 $ 199/sqft | Clarksville | $ -- $ -- |
Preston Hollow | $ 145,000 $ 100/sqft | Alcove | $ -- $ -- |
Ravena | $ 255,043 $ 163/sqft | Guilderland Center | $ -- $ -- |
Westerlo | $ 427,060 $ 190/sqft | Berne | $ -- $ -- |
Glenmont | $ 443,147 $ 202/sqft | Guilderland | $ -- $ -- |
Housing Market Summary for Albany County, NY
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $259.9K | $291.8K | 12.26% |
Median Sold Price | $266.9K | $291.8K | 9.31% |
Homes For Sale | 379 | 264 | -30.34% |
Homes Sold | 580 | 469 | -19.14% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
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Browse Homes in Albany County, NY
Albany County, NY home values range from $20,700 to $7,128,501. Feura Bush is the priciest city with a median listing home price of $729,900, and Rensselaerville is most affordable with average house prices of around $15,000.
- Pre-ForeclosurePre-foreclosure homes account for 1.17% of all residential properties in Albany County, NY with Albany containing 464 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 26 cities within Albany County, NY; of those cities, the estimated home value for pre-foreclosure homes ranges from $967,885 in South Bethlehem to the lowest home value of $24,230 in Albany.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Albany County, NY ranges from the highest value of $275,181 in Latham to the lowest value of $30,051 in Albany. Bank owned homes and properties account for 0.03% of properties in Albany County, NY. There are 26 cities within Albany County, NY; Albany containing 9 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsTroy has 11 auction properties, the highest number of properties going to auction in a single city in the state of Albany County, NY. Auction homes and other auction properties account for 0.03% of all properties in Albany County, NY. There are 26 cities within Albany County, NY; of those cities, the median estimated home value for homes going to auction ranges from $286,315 in Voorheesville to the lowest value of $54,923 in Voorheesville.
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Guide for Albany County, NY
The Albany real estate market from April 2023 to March 2024 showed a clear positive trend, with rising property values and sale prices offset by fluctuating property counts.
The real estate market in Syracuse, New York is experiencing a surge in property values and sale prices, with homes typically selling above their listed prices.
Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.
New York City’s real estate market from August 2023 to January 2024 witnessed roughly an 8% increase in average property values, along with fluctuations in per square foot values and sold prices.