Local Market0 views · 2 answers
How competitive is the Albemarle housing market?
P
Primpted Housing Analyst
Updated monthly · Data through August 2026 · v268
- Sold Score
- 32/100
- YoY Challenging Market Conditions
- Pending ratio
- 0.27
- YoY contracts vs active
- Inventory YoY
- +0.0%
- YoY active listings
- Median DOM
- 70
- YoY days on market
- Price cuts
- 41.7%
- YoY of active listings
Albemarle is soft for sellers as of August 2026, with a Sold Score of 32/100 (Challenging Market Conditions).
**Pending ratio** is 0.27 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow.
**Inventory change YoY** is +3.9% — more choices for buyers than a year ago.
**Median days on market** is 70. Faster than 30 days means buyers are deciding quickly.
**Price-reduction share** is 41.7% of active listings — above 25% signals sellers are widely overshooting list price.
— Live indicators (August 2026): Sold Score: 32/100 (Challenging Market Conditions) · Pending ratio: 0.27 · Inventory YoY: +3.9% · Median days on market: 70 · Sellers cutting price: 41.7% · Median listing price: $349,900 (+0.3% YoY)
Albemarle snapshot
As of the latest 2026 data- Median listing
- $350K
- YoY +0.0%
- Active inventory
- 374
- YoY +0.0%
- Median DOM
- 70
- YoY +0.2%
- Pending ratio
- 0.27
- YoY -0.0%
- Price-reduced
- 25.3%
- YoY -0.0%
P
Primpted Housing Analyst
Data-backedPrimpted research desk
The Albemarle housing market is showing some signs of easing for buyers, with prices holding steady but homes taking longer to sell. There are more homes available, which gives buyers more choices. This means it's not as intensely competitive as some other markets might be right now.
The median listing price is around $349,900. This price has gone up slightly, by 0.7% from the previous month and 0.3% over the past year. The median price per square foot is $208, which is 4.1% higher than it was a year ago, indicating that homes are still holding their value.
There are currently 374 active listings, which is 3.9% more homes than a year ago. This increase in available homes suggests buyers have a bit more selection. New listings have stayed about the same over the past year, with 112 homes recently added.
Homes in Albemarle are staying on the market for an average of 70 days before selling. This is 16.7% longer than they did a year ago, meaning buyers have more time to consider their options. Also, 25.3% of homes have had their prices reduced, which is a bit less than a year ago, but still a significant portion.
Right now, 101 homes are under contract to be sold. The ratio of pending sales to active listings is 0.27, which is slightly lower than it was a year ago. This suggests that fewer homes are going under contract compared to the total number of homes for sale.
For those looking to buy, the increase in available homes and longer time on market could mean more opportunities to find a home that fits your needs and potentially negotiate. For sellers, pricing strategically and being patient are key.