$1,127 Closing Credit*
$94,900
1,344 SqFt
4 Beds
•2 Full Baths
Jacqueline Ferraro, Listing Office: RE/MAX Plus
Is Albion, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Albion has remained a Seller'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, 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 November 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 November 2024, down 1.6% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 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 | $157.2K | -10.1% |
| 5+ Bedrooms | $162.4K | $147K | -9.5% |
Summary: Albion housing prices by bedroom type for November 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 10.1%, and 5+ bedroom homes decreased by 9.5%.
Housing Supply in Albion, NY
How many homes are available in Albion, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 25 | -21.9% |
Summary: The Albion real estate market had 25 homes for sale in November 2024, a 21.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 15 | 10 | -33.3% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
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 decreased by 33.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 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 6 homes were sold or pending in Albion in November 2024, up by 50.0% month-over-month. Of the 6 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 92 Days | 51 Days | -44.1% |
Summary: Homes in Albion had an average of 51 days on market in Nov 2024, down by 44.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Albion has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Albion; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
