Is Albany, NY 12205 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Albany is a seller’s market. With about 0.8 months of supply and 63% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply0.8Under 4 months = seller’s market

Sold above original list62.5%Share of sales, last 3 months

Median sale-to-list104.5%Sold price ÷ list price

Median days on market8Listing to accepted offer

Median price per sq ft$245▲ +4.7% vs. last year

Run the numbers for 12205

Prefilled for 12205Can I win this house?Multiple-offer likelihood for a listing Prefilled for 12205Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Albany 12202Seller’s market $118 /sq ft Albany 12203Seller’s market $213 /sq ft Albany 12204Seller’s market $211 /sq ft Albany 12206Balanced $112 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology