Is North Albany, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Albany is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, North Albany has remained a Buyer's Market.

Key Takeaway

North Albany is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in North Albany, OR

How much do homes in North Albany, OR cost?

Median Sold Price

$552,500

$278/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$1,000(+0.2%)

Key Takeaway

The sold price of homes in North Albany has remained the same since last year.

Summary: The median home sold price in North Albany was $552,500 in November 2024, up 0.2% from last year, and the median price per square foot was $278.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 -$455K
N/A
3 $495K$525K
+6.1%
4 $620K$579.9K
-6.5%
5+ $640K$632.5K
-1.2%

Summary: North Albany 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 did not change, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 1.2%.

Median Sold Price Compared To Nearby Cities

Albany
+7.0%
North Albany
0.2%

Housing Supply in North Albany, OR

How many homes are available in North Albany, OR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1411-21.4%

Summary: The North Albany real estate market had 11 homes for sale in November 2024, a 21.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 64
-33.3%
4 55
0.0%
5+ 22
0.0%

Summary: The North Albany 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 decreased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Albany, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in North Albany in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
81 Days72 Days-11.1%

Summary: Homes in North Albany had an average of 72 days on market in Nov 2024, down by 11.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Albany has remained consistent over time.

Summary: During November 2024, 1 homes were sold in North Albany; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in North Albany, OR

Nearby Markets to North Albany, OR

What housing markets are near North Albany, OR?