$3,799 Closing Credit*
$319,900
2 Beds
•1 Full Bath, 1 Partial
Jordan Wildman, Listing Office: eXp Realty, LLC
Is Albion, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Albion was a Seller's Market.
Key Takeaway
Albion 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 Albion, IN
How much do homes in Albion, IN cost?
Median Sold Price
$337,500
$174/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$112,550(+50.0%)
Key Takeaway
Homes in Albion have sold for 50% more than they did a month ago.
Summary: The median home sold price in Albion was $337,500 in October 2024, up 50% from last month, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $165K | $455K | +175.8% |
| 4 Bedrooms | $365K | $209.9K | -42.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Albion housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 175.8%, 4 bedroom homes decreased by 42.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Albion | $224.9K | $337.5K | +50.0% |
| Albion Township | $224.9K | $337.5K | +50.0% |
| Jefferson Township | $365K | $170K | -53.4% |
Housing Supply in Albion, IN
How many homes are available in Albion, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 25 | +25.0% |
Summary: The Albion real estate market had 25 homes for sale in October 2024, a 25.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Albion housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Albion, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Albion in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Albion, IN
We’re sorry, we don't have information for this market at the moment
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.