RE/MAX Accord's Market Report

Albany, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!


Current active inventory in Albany, CA is very low. Keep this in mind when looking at this report.

Albany, CA

Fri Mar 24 2023
This week the median list price for Albany, CA is $849,000 with the market action index hovering around 57. This is an increase over last month's market action index of 51. Inventory has decreased to 3. Click here to stay informed with the Albany market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Albany, CA

Fri Mar 24 2023
This week the median list price for Albany, CA is $849,000 with the market action index hovering around 57. This is an increase over last month's market action index of 51. Inventory has decreased to 3. Click here to stay informed with the Albany market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Albany market.
Median List Price $849,000
Median Price of New Listings $849,000
Per Square Foot $810
Average Days on Market 63
Median Days on Market 7
Price Decreased 33%
Price Increased 33%
Relisted 33%
Inventory 3
Median Rent
Market Action 57
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$998,000 1,124 0 - 4,500 sqft 2 1 89 0 0 7
$849,000 1,590 4,500 - 6,500 sqft 3 3 84 1 0 0
$699,000 862 0 - 4,500 sqft 3 2 77 0 0 182