$7,125 Closing Credit*
$599,999
3 Beds
•2 Full Baths, 1 Partial
Alexander Posso, Listing Office: Signature Realty NJ LLC
Is Albion, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Albion was a Buyer's Market.
Key Takeaway
Albion is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Albion, NJ
How much do homes in Albion, NJ cost?
Median Sold Price
$553,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+7.8%)
Key Takeaway
Homes in Albion have sold for 7.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $227.5K | N/A |
| 2 Bedrooms | $490K | $496.1K | +1.2% |
| 3 Bedrooms | $480K | $550K | +14.6% |
| 4 Bedrooms | $595K | $615K | +3.4% |
| 5+ Bedrooms | $640K | $782.5K | +22.3% |
Summary: Albion housing prices by bedroom type for November 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 14.6%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 22.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Greglawn | $502.5K | $550K | +9.5% |
| Albion | $513K | $553K | +7.8% |
Housing Supply in Albion, NJ
How many homes are available in Albion, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Summary: The Albion real estate market had 21 homes for sale in November 2024, a 5.0% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 12 | +50.0% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Albion 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 50%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Albion, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Albion in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Albion, NJ
We’re sorry, we don't have information for this market at the moment
