$3,266 Closing Credit*
$275,000
1,900 SqFt
5 Beds
Jennifer Euler, Listing Office: Tug Hill Real Estate
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
At the same time last year, 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, NY
How much do homes in Albion, NY cost?
Median Sold Price
$153,600
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,650(-1.7%)
Key Takeaway
Homes in Albion have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Albion was $153,600 in November 2024, down 1.7% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $91.2K | $165K | +80.8% |
| 2 Bedrooms | $130K | $126.5K | -2.7% |
| 3 Bedrooms | $155K | $159K | +2.6% |
| 4 Bedrooms | $175K | $157.2K | -10.1% |
| 5+ Bedrooms | $177.7K | $150K | -15.6% |
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 decreased by 2.7%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes decreased by 15.6%.
Median Sold Price Compared To Nearby Cities
| Albion | $156.2K | $153.6K | -1.7% |
| Richland | $182.5K | $175K | -4.1% |
| Orwell | $200K | $145K | -27.5% |
Housing Supply in Albion, NY
How many homes are available in Albion, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 37 | -14.0% |
Summary: The Albion real estate market had 37 homes for sale in November 2024, a 14.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 18 | 12 | -33.3% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Albion housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
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 20.0% 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 |
|---|---|---|
| 76 Days | 51 Days | -32.5% |
Summary: Homes in Albion had an average of 51 days on market in Nov 2024, down by 32.5% 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.
