$1,663 Closing Credit*
$140,000
1,432 SqFt
3 Beds
•1 Full Bath, 1 Partial
Tim J. Clark, Listing Office: Hunt Real Estate ERA/Columbus
Is Albion, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, NY
How much do homes in Albion, NY cost?
Median Sold Price
$152,500
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,500(-1.6%)
Key Takeaway
Homes in Albion have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Albion was $152,500 in October 2024, down 1.6% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $91.2K | $165K | +80.8% |
| 2 Bedrooms | $125K | $125K | 0.0% |
| 3 Bedrooms | $155K | $159K | +2.6% |
| 4 Bedrooms | $174.9K | $156K | -10.8% |
| 5+ Bedrooms | $141K | $150K | +6.4% |
Summary: Albion housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes increased by 6.4%.
Housing Supply in Albion, NY
How many homes are available in Albion, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 27 | +17.4% |
Summary: The Albion real estate market had 27 homes for sale in October 2024, a 17.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Albion, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Albion in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Albion, NY
How long does it take to sell a home in Albion, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 40 Days | +64.5% |
Summary: Homes in Albion had an average of 40 days on market in Oct 2024, up by 64.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Albion are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Albion; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
