Is Albany a buyer's or seller's market right now?

Albany is currently a seller's market with 1.7 months of supply. 41% of homes sell above asking price, and 34.8% go pending within two weeks. The Ridley Sell Score for Albany is 70/100 (Strong), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Albany?

The median home price in Albany is $267,800, down 0.2% year-over-year. The median price per square foot is $163. Homes sell in a median of 33 days with a sale-to-list ratio of 99.5%.

How much does it cost to sell a home in Albany, New York?

On a $267,800 home in Albany, a traditional listing agent charges around $8,034 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $21,424 or more. With Ridley Essentials ($999) you save $7,035, and with Ridley Pro ($3,499) you save $4,535 while getting full agent support.

How does Ridley's flat fee compare to a traditional Albany agent?

A traditional Albany listing agent typically charges 3% of the sale price — about $8,034 on a $267,800 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $7,035–$4,535 compared to a traditional agent.

How long does it take to sell a home in Albany?

The median home in Albany currently spends 33 days on the market before going under contract. 34.8% of homes go pending within two weeks. At a 99.5% sale-to-list ratio, sellers are getting very close to or above asking price. Only 25.5% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in New York?

No. New York does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $267,800 home, that could save you up to $4,535.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in New York. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $8,034 commission.

National/New York

Albany, NY

Is Now a Good Time to Sell in Albany, New York?

The median home in Albany sells for $267,800 with prices down 0.2% year-over-year. The average seller pays $8,034 in commissions — Ridley’s flat fee saves you $4,535.

Albany Real Estate Market Conditions — March 2026

70out of 100

Ridley Sell Score

How it's scored →

Strong

70/100

Conditions strongly favor sellers — high demand and fast sales.

What this means for sellers

Conditions in Albany favor sellers right now. Homes are selling quickly, and well-priced homes should attract strong interest. Sellers who list now are positioned to sell quickly and close at or above asking price.

Inventory TightnessFavors sellers

1.7 months of supply — well below the 5-month balanced threshold — 37% below the New York average of 2.7.

Price MomentumNeutral

Prices down 0.2% year-over-year — vs. +15% statewide.

Seller LeverageFavors sellers

Homes selling at 99.5% of asking — buyers are negotiating 0.5% below list. New York average is 99.7%.

Bidding ActivityFavors sellers

41% of homes selling above list price — 10% above the New York average of 37.2%.

Sale SpeedFavors sellers

33 median days on market — 14 days faster than the New York average.

Market UrgencyFavors sellers

34.8% of listings go pending within 2 weeks — vs. 21% statewide.

Price StabilityFavors buyers

25.5% of listings have dropped their price — accurate initial pricing is critical. New York average is 15.3%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$267,800

-0.2%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$163

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

99.5%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

1.7

Seller’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Somewhat Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

41%

Moderate demand

Price Drops

Percentage of active listings that had a price reduction.

25.5%

Pricing matters

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

34.8%

Moderate pace

12-Month Price Trend

$249,900 → $267,800

▲7.2%

$300K$280K$260K

AprJunAugOctDecFebMar

Data updated March 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Albany — delivered monthly.

Your savings

How much can you save selling your home in Albany?

The average Albany homeowner saves $4,535 by selling with Ridley instead of paying the traditional 3% listing commission on a $267,800 home.

$0Estimated savings

That could furnish your new living room — save 1.7% of your home value

Your Albany home value

$267,800

$50,000$10M

Traditional Agent (3%)

$8,034

Ridley Pro (flat fee)

$3,499

Ready to sell in Albany?

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Cost comparison

How much does it cost to sell a house in Albany?

The total cost to sell a house in Albany in 2026 ranges from $999 with Ridley Essentials to approximately $8,034 with a traditional 3% commission on a $267,800 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$8,034	$3,499	$999	$0
Buyer agent	$7,4982.8% avg	$5,356~2% avg	$5,356~2% avg	$7,4982.8% avg
Closing costs (~1.5%)	$4,017	$4,017	$4,017	$4,017
Total cost	$19,549	$12,872	$10,372	$11,515
Net proceeds	$248,251	$254,928	$257,428	$256,285
You save	—	$4,535	$7,035	$8,034No support