Is Albion, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Albion is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Albion was a Buyer'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, WI

How much do homes in Albion, WI cost?

Median Sold Price

$210,000

$258/sqft

Based on all homes sold in October 2024.

The Median Sold Price hasn't changed since September 2024.

Key Takeaway

The sold price of homes in Albion has remained the same since last month.

Summary: The median home sold price in Albion was $210,000 in October 2024, the same as last month, and the median price per square foot was $258.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $210K$210K
0.0%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Albion 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Sumner
+110.6%
Albion
0.0%

Housing Supply in Albion, WI

How many homes are available in Albion, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1417+21.4%

Summary: The Albion real estate market had 17 homes for sale in October 2024, a 21.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 78
+14.3%
3 13
+200.0%
4 33
0.0%
5+ 00
0.0%

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 14.3%, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Albion, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Albion in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Albion, WI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 20 Days Ago

Newest Listings in Albion, WI

Nearby Markets to Albion, WI

What housing markets are near Albion, WI?