$319 Closing Credit*
$26,900
2,166 SqFt
3 Beds
•1 Full Bath
Jeannette Franklin, Listing Office: Virtual Properties Realty.com
Is Albany, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Albany has remained a Neutral Market.
Key Takeaway
Albany is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Albany, GA
How much do homes in Albany, GA cost?
Median Sold Price
$65,000
$57/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$141,000(-68.4%)
Key Takeaway
Homes in Albany have sold for 68.4% less than they did a month ago.
Summary: The median home sold price in Albany was $65,000 in November 2024, down 68.4% from last month, and the median price per square foot was $57.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $35K | $50K | +42.9% |
| 3 Bedrooms | $178K | $170.5K | -4.2% |
| 4 Bedrooms | $270K | $35K | -87.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Albany housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.9%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 87%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Albany | $206K | $65K | -68.4% |
| West Dougherty | $206K | $57.5K | -72.1% |
Housing Supply in Albany, GA
How many homes are available in Albany, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 57 | -1.7% |
Summary: The Albany real estate market had 57 homes for sale in November 2024, a 1.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 35 | 36 | +2.9% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Albany housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Albany, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Albany in November 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Albany, GA
How long does it take to sell a home in Albany, GA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 71 Days | 133 Days | +86.5% |
Summary: Homes in Albany had an average of 133 days on market in Nov 2024, up by 86.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Albany are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 9 homes were sold in Albany; 11% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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