Is Albany, IL 61230 a buyer’s or seller’s market?
Albany is a seller’s market. With about 2.7 months of supply and 33% 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.
The Albany housing market right now
In the three months ending August 31, 2026, 33% of homes in Albany, IL 61230 sold above their list price, the typical home went under contract in 24 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (127 days then) and the median sale price rose 10% to $180,922. Overall, Albany is more competitive than a year ago, so tougher for buyers.
Within Whiteside County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 67%.
Nearby, buyers who want less competition could look at Lyndon 61261 (0% sold over asking) or Prophetstown 61277 (7% sold over asking), while Fenton 61251 (50% sold over asking) is even more competitive.
Run the numbers for 61230
Nearby markets
Deer Grove 61243 — /sq ftErie 61250Seller’s market $95 /sq ftFenton 61251Seller’s market $171 /sq ftFulton 61252Seller’s market $88 /sq ft Browse all markets →Towns like Albany nearby
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Questions about Albany real estate
Is Albany a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Albany, IL 61230 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Albany?
The typical home went under contract in 24 days in the latest three months.
Do homes in Albany sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 94.2% of the list price.
What are property taxes in Albany?
About 2.04% of a home’s value a year in Whiteside County, or roughly $8,160 on a $400,000 home.
What is the median home price in Albany?
The median sale price was $180,922 in the three months ending August 31, 2026, about $121 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology