Downtown Albany Housing Market Report May 2025•Albany County, New York

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Housing Prices in Downtown Albany, NY

How much do homes in Downtown Albany, NY cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$324,950$116/SqFt
-$24,950
-7.1%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Downtown Albany has decreased by 7.1% since last year.

Summary: The median home list price in Downtown Albany was $324,950 in May 2025, down 7.1% from the previous year, and the median price per square foot was $116.

Median List Price By Neighborhoods

Median List Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
North Albany / Shaker Park
+20.0%
Ten Broeck Triangle
+10.5%
Sheridan Hollow
-6.0%
Downtown Albany
-7.1%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1--
N/A
2--
N/A
3-$229K
N/A
4$258.9K$324.9K
+25.5%
5$349.9K$2.4M
+585.9%

Summary: Downtown Albany housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes increased by +25.5%. The home price for 5 bedroom homes increased by +585.9%.

How does Downtown Albany, NY compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Downtown Albany, NY

Housing supply in Downtown Albany, NY

How many homes are available in Downtown Albany, NY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
4Last MonthMay 2025
32 months agoApr 2025
+33.3 %
Change MoMApr – May

Summary: The Downtown Albany real estate market had 4 homes for sale in May 2025, a 33.3 % increase compared to Apr 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
200
0.0%
301
+100.0%
400
0.0%
533
0.0%

Summary: Downtown Albany housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +100.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Downtown Albany, NY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Downtown Albany, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Downtown Albany in May 2025, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Downtown Albany, NY

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

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Downtown Albany has remained consistent over time.

Summary: During May 2025, 1 homes were sold in Downtown Albany; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
66 DaysThis YearMay 2025
66 Days1 year agoMay 2024
+1.1 %
Change YoYMay 2024 – May 2025

Summary: Homes in Downtown Albany had an average listing age of 66 days in May 2025, up by 1.1% compared to the previous year.

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Newest Listings in Downtown Albany, NY

What homes are available in Downtown Albany, NY?

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Nearby markets

Nearby markets aren't available for Downtown Albany, NY

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MLS Disclaimers and Copyright

Based on information from Global MLS, and New York State Alliance of MLS for the period 06/01/2023 - 06/01/2025

IDX The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.

Copyright © 2025 Global Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 6/7/2025, 12:50:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.

© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 6/7/2025, 5:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.