$10,000 Closing Credit*
$899,888
4 Beds
•4 Full Baths
Listing Office: UNITED REAL ESTATE
Is Albion, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Albion was a Seller's Market.
Key Takeaway
Albion is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Albion, NJ
How much do homes in Albion, NJ cost?
Median Sold Price
$550,000
-
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$52,500(+10.6%)
Key Takeaway
Homes in Albion have sold for 10.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $227.5K | N/A |
| 2 Bedrooms | $490K | $496.1K | +1.2% |
| 3 Bedrooms | $465K | $540K | +16.1% |
| 4 Bedrooms | $597.5K | $558.7K | -6.5% |
| 5+ Bedrooms | $640K | $650K | +1.6% |
Summary: Albion housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 16.1%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Albion | $497.5K | $550K | +10.6% |
| Greglawn | $500K | $550K | +10.0% |
Housing Supply in Albion, NJ
How many homes are available in Albion, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Summary: The Albion real estate market had 20 homes for sale in September 2024, a 25.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 6 | 11 | +83.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Albion housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Albion in September 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Albion, NJ
We’re sorry, we don't have information for this market at the moment
