$7,422 Closing Credit*
$625,000
2,300 SqFt
4 Beds
•3 Full Baths
Heather Roe, Listing Office: eXp Realty LLC
Is North Albany, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, North Albany was a Neutral Market.
Key Takeaway
North Albany is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Albany, OR
How much do homes in North Albany, OR cost?
Median Sold Price
$941,118
$395/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$31,382(-3.2%)
Key Takeaway
Homes in North Albany have sold for 3.2% less than they did a month ago.
Summary: The median home sold price in North Albany was $941,118 in October 2024, down 3.2% from last month, and the median price per square foot was $395.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $1.7M | N/A |
| 3 Bedrooms | $570K | $519.9K | -8.8% |
| 4 Bedrooms | - | $1.2M | N/A |
| 5+ Bedrooms | $1.3M | - | N/A |
Summary: North Albany housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 8.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Monmouth-Independence | $387K | $420K | +8.5% |
| North Albany | $972.5K | $941.1K | -3.2% |
Housing Supply in North Albany, OR
How many homes are available in North Albany, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The North Albany real estate market had 12 homes for sale in October 2024, a 7.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The North Albany 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Albany, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in North Albany in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for North Albany, OR
How long does it take to sell a home in North Albany, OR?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 Days | 51 Days | -29.6% |
Summary: Homes in North Albany had an average of 51 days on market in Oct 2024, down by 29.6% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Albany are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in North Albany; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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