Sep 2026
$371K
+3.6% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Albany, NY housing market
Albany, NY metro median sale price $371K in Sep 2026, up 3.6% year over year. Also days on market, price cuts, affordability and ZIP-code figures.
The median sale price in the Albany, NY metro is $371K as of Sep 2026, up 3.6% from a year earlier. The gain is larger than in most of the 193 U.S. metros Pecan Street ranks on this measure. FHFA's repeat-sales index for the metro shows a larger change, up 7.0% through Q2 2026, 3.4 points apart; Price reconciliation below shows both.
On median sale price, Albany ($371K) ranks 4th of the seven New York metros Pecan Street tracks, between Kingston ($500K) and Rochester ($306K). On median days on market, Albany (54 days) ranks 4th of the seven New York metros, between New York (56 days) and Syracuse (53 days). Albany has the highest share of listings with a price cut of the seven New York metros (38%), ahead of Buffalo (35%).
Listings spent a median 54 days on market in Sep 2026. 38% of active listings carry a price cut, 3.0 points more than a year earlier. Median asking prices sit about 13% above the median sale price. Building permits authorized 116 new housing units in Aug 2026.
At the 7.38% 30-year fixed rate with 20% down, principal and interest on a median-priced home come to $2,053 a month; at 28% of gross income, that takes about $88K a year. The median sale price equals about 15 years of HUD Fair Market Rent, a ratio up 3.7% from a year earlier. Active listings ask a median $240 per square foot, up 0.4% from a year earlier.
In seven of the 12 ZIP codes in the table below, median list prices are higher than a year earlier; five are lower.
Headline
Oct 14, 2026
7.38%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$2,053/mo
$88K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Albany compares to other U.S. metros
| Asking-vs-sale gap | ↑10th of 166 (top 7%) |
|---|---|
| Home-price growth | ↑69th of 193 (top 36%) |
| Days on market | 114th of 195 |
| Price-to-rent | 105th of 193 |
| Price cuts | 97th of 195 (top 50%) |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 15 +3.7% YoY 105th of 193 |
|---|---|
| Asking price / sq ft | $240 +0.4% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 38% +3.0 pts YoY 97th of 195 (top 50%) |
|---|---|
| New housing units permitted | 116 |
The median asking price $420K runs about 13% above the median sale price $371K.
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Aug 2026. Asking is the median list price of active listings (Realtor.com, this month); sale is the headline median of recent closings (Redfin, a rolling 3-month median) — distinct sources and windows, so the gap is a directional read, not a like-for-like difference. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 12 shown of 114 |
|---|---|
| MLS board of record | Greater Capital Association of REALTORS |
| Price methodology | Redfin vs FHFA HPI |
| Data as of | Sep 2026 |
Recent signals
No signals flagged for this market right now.
Recent notable readings
- Zillow home values were lower than a year earlier in none ZIP codes across the Albany metro (Aug 2026): the 9th-lowest share among the 174 U.S. metros Pecan Street tracks with enough ZIP-level data to compare.
Readings from the latest data that sit at one end of the U.S. metros Pecan Street tracks, from the nightly cross-metro comparison. They are not signal alerts.
Price reconciliation
amber · 3.4ppRedfin (metro) +3.6% | FHFA HPI · Q2 2026 +7.0% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
Market dispatches
Citable market dispatches for Albany → Latest dispatch: Jul 24, 2026.
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Try it freeZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 12019 | $667K↑ | 32↑ | 18↑ | 10↑ | 52↑ | $507K↑ |
| 12020 | $540K↓ | 60↓ | 40↓ | 14↑ | 49↓ | $440K↑ |
| 12065 | $612K↑ | 82↑ | 44↑ | 26↑ | 45↓ | $495K↑ |
| 12118 | $558K↓ | 62↑ | 18↑ | 14↑ | 61↓ | $476K↑ |
| 12180 | $357K↑ | 51↓ | 50↑ | 18↓ | 34↓ | $313K↑ |
| 12203 | $326K↑ | 32↑ | 14↓ | 12↑ | 31↑ | $341K↑ |
| 12302 | $400K↑ | 56↑ | 42↑ | 12↓ | 46↓ | $338K↑ |
| 12303 | $314K↑ | 36↓ | 16↓ | 10↓ | 39↑ | $325K↑ |
| 12306 | $317K↓ | 71↑ | 44↑ | 24↑ | 40↓ | $304K↑ |
| 12309 | $421K↓ | 52↑ | 44↑ | 22↓ | 48↑ | $419K↑ |
| 12831 | $676K↑ | 35↑ | 8↓ | 6↑ | 72↑ | $482K↑ |
| 12866 | $851K↓ | 165↓ | 42↓ | 36↑ | 83↑ | $665K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.