Albany, GA Home Values & Market Trends

Real estate market trends reflect that there have been 1,168 transactions over the past year in Albany. The median value for residential home transactions that occurred over the previous year is $134,817.89. The number of current listings in Albany is 51, and the percentage of properties for sale in the city is 51.00%. Albany, GA currently has 15 properties in foreclosure, 5 bank owned properties, 10 properties headed for auction, and 51 properties for sale.

Albany, GA Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
31701

$ 75,092

$ 59/sqft

31721

$ 218,300

$ 106/sqft

31707

$ 132,531

$ 86/sqft

31704

$ --

$ --

31705

$ 87,356

$ 73/sqft

Housing Market Summary for Albany, GA

Apr 2023March 2024Change
Median Listing Price$164.9K$138.8K-15.85%
Median Sold Price$120.3K$138.8K15.37%
Homes For Sale5040-20.00%
Homes Sold713359-49.65%
Price
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Homes For Sale
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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%.

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Browse Homes in Albany, GA

Albany home values range from $14,184 to $16,468,440. The median estimated value of a home in Albany is $134,817.89. The median list price of a home is 115,000, and the total count of properties in the city is 30,796.

Foreclosure
There are 5 zips within Albany, GA; within these zips, the median estimated home value for homes in foreclosure ranges from $184,166 in 31721 to the lowest value of $55,304 in 31721. Foreclosure homes account for 0.00% of properties in Albany, GA with 31705 containing 7 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Albany, GA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 5 zips within Albany, GA; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Albany, GA ranges from the highest value of $170,123 in 31721 to the lowest value of $161,500 in 31705. Bank owned homes and properties account for 0.02% of properties in Albany, GA. There are 5 zips within Albany, GA; 31705 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    31721 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Albany, GA. Auction homes and other auction properties account for 0.03% of all properties in Albany, GA. There are 5 zips within Albany, GA; of those zips, the median estimated home value for homes going to auction ranges from $371,823 in 31705 to the lowest value of $55,304 in 31705.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.17% of residential properties in Albany, GA with 31701 containing 17 homes for sale, the highest number of listed properties in a single zip. There are 5 zips within Albany, GA; homes for sale in those zips, have a range of median values from $829,900 in 31721 to the lowest value of $18,330 in 31705.
    Sold Homes
    The median value for recently sold homes ranges from $808,080 in 31721 to the lowest price of $20,334 in 31721. There are 5 zips within Albany, GA. 31721 has 110 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.29% of properties in Albany, GA.

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      Guide for Albany, GA

      Market Reports
      Real Estate Market Report Albany, New York – April 2024
      Market Reports
      Property Values and Sales on the Rise in Savannah, Georgia – April 2024
      Market Reports
      Atlanta Real Estate Market Snapshot – March 2024
      Home Buying Guides & Tips
      Georgia Foreclosure Laws
      See More Articles
      Real Estate Market Report Albany, New York – April 2024
      Market Reports|posted 3 April 2024

      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.

      Property Values and Sales on the Rise in Savannah, Georgia – April 2024
      Market Reports|posted 17 April 2024

      Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.

      Atlanta Real Estate Market Snapshot – March 2024
      Market Reports|posted 28 March 2024

      The Atlanta real estate market, with values and inventory levels fluctuating, continues to evolve based on numerous factors. Detailed data, including average property value, per square foot value, and property counts, outlines these trends, enabling buyers, sellers, and investors to understand and navigate the market effectively.

      Georgia Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Georgia foreclosure laws and processes are important to know for real estate investors. Get all the information on GA foreclosure timelines and laws here

      Recently Listed Homes Albany, GA

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