Albany, OR Foreclosures
How much do homes sell for in Albany, OR?
The average home price is currently $503,604.
In Albany, OR, how many homes are available?
There are currently 5 active home listings available in Albany.
What’s the average rental cost in Albany, OR?
The average rental price in Albany is $1,247.
What is the most expensive home in Albany?
The most expensive home sold in Albany had a price of $21,851,498.
What is currently the cheapest priced home in Albany, OR?
The cheapest home for sale in Albany is priced at $27,701.
Living in Albany, OR
Albany, Oregon is a charming city known for its historic downtown, family-friendly atmosphere, and scenic natural landscapes. With a strong sense of community, this area offers various amenities and recreational opportunities for all lifestyles. Residents enjoy easy access to both urban conveniences and the great outdoors.
Current Market Conditions in Albany, OR
The Albany real estate market has shown steady growth over the past year, with home prices increasing by an average of 7%. The demand for housing in the area remains strong, fueled by new residents drawn to its affordable living and appealing neighborhood atmosphere. Homes in Albany are typically selling quickly, often within weeks of hitting the market, showcasing the area’s desirability.
In recently months, as interest rates have fluctuated, the market has exhibited slight cooling trends—the number of active listings has increased, providing buyers with more options compared to last year. However, the overall demand continues to support home values, making it a competitive market for both buyers and sellers.
Home Value Estimator For Albany, OR
There are currently 22,733 real estate properties
in Albany, OR,
with a median automated valuation model (AVM) price
of $428,652.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Albany, OR, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Albany, OR,
is $503,604.00, with the most expensive house
in Albany, OR, topping out
at $21,851,498.00 and the cheapest home
in Albany, OR,
clocking in at $27,701.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Albany, OR!
Rent Prices
In Albany, OR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Albany, OR, is on
a rollercoaster ride. The
average rent price in Albany, OR,
is $1,247.00. Indeed, when looking to rent in
Albany, OR, you can expect to pay as little
as $630.00 or as much
as $3,500.00,
with the average rent median estimated to
be $1,200.00. The good news is that finding
an affordable and desirable property to rent in Albany, OR
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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