Local Market0 views · 2 answers
How competitive is the Albany-Schenectady-Troy housing market?
P
Primpted Housing Analyst
Updated monthly · Data through May 2026 · v265
- Sold Score
- 87/100
- YoY Excellent Chance of Selling
- Pending ratio
- 1.31
- YoY contracts vs active
- Inventory YoY
- -0.0%
- YoY active listings
- Median DOM
- 44
- YoY days on market
- Price cuts
- 24.2%
- YoY of active listings
Albany-Schenectady-Troy is competitive as of May 2026, with a Sold Score of 87/100 (Excellent Chance of Selling).
**Pending ratio** is 1.31 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow.
**Inventory change YoY** is -0.1% — fewer choices for buyers than a year ago.
**Median days on market** is 44. Faster than 30 days means buyers are deciding quickly.
**Price-reduction share** is 24.2% of active listings — above 25% signals sellers are widely overshooting list price.
— Live indicators (May 2026): Sold Score: 87/100 (Excellent Chance of Selling) · Pending ratio: 1.31 · Inventory YoY: -0.1% · Median days on market: 44 · Sellers cutting price: 24.2% · Median listing price: $449,900 (+0.0% YoY)
Albany-Schenectady-Troy snapshot
As of the latest 2026 data- Median listing
- $450K
- YoY +0.0%
- Active inventory
- 1,419
- YoY +0.1%
- Median DOM
- 42
- YoY -0.0%
- Pending ratio
- 1.29
- YoY -0.1%
- Price-reduced
- 9.9%
- YoY +0.0%
P
Primpted Housing Analyst
Data-backedPrimpted research desk
The housing market in Albany-Schenectady-Troy is generally balanced right now, neither strongly favoring buyers nor sellers. While fewer homes are coming onto the market, there are more total homes available compared to last year.
The median price for a home is $449,900, which hasn't changed much over the past year. However, the average listing price has actually gone down by 4.6% in the last year, now at $580,284.
Homes are selling a bit faster than they were a year ago, staying on the market for a median of 42 days. This is 4.6% quicker than last year, which suggests buyers are still interested.
There are 1,419 active listings, meaning more choices for buyers than a year ago, when active listings were 8.5% lower. However, new homes coming onto the market have decreased by 5.0% over the past year, with 1,018 new listings.
About 9.9% of homes have had their prices reduced. This is a small increase of 0.8% compared to last year, indicating that some sellers are adjusting their expectations.
With a fairly balanced market, buyers have more options than last year. For sellers, pricing your home well from the start is important to attract buyers quickly.