Local Market0 views · 2 answers
How competitive is the Albemarle housing market?
P
Primpted Housing Analyst
Updated monthly · Data through May 2026 · v265
- Sold Score
- 32/100
- YoY Challenging Market Conditions
- Pending ratio
- 0.42
- YoY contracts vs active
- Inventory YoY
- +0.3%
- YoY active listings
- Median DOM
- 62
- YoY days on market
- Price cuts
- 39.5%
- YoY of active listings
Albemarle is moderately competitive as of May 2026, with a Sold Score of 32/100 (Challenging Market Conditions).
**Pending ratio** is 0.42 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow.
**Inventory change YoY** is +34.4% — more choices for buyers than a year ago.
**Median days on market** is 62. Faster than 30 days means buyers are deciding quickly.
**Price-reduction share** is 39.5% of active listings — above 25% signals sellers are widely overshooting list price.
— Live indicators (May 2026): Sold Score: 32/100 (Challenging Market Conditions) · Pending ratio: 0.42 · Inventory YoY: +34.4% · Median days on market: 62 · Sellers cutting price: 39.5% · Median listing price: $347,450 (-9.0% YoY)
Albemarle snapshot
As of the latest 2026 data- Median listing
- $347K
- YoY -0.1%
- Active inventory
- 357
- YoY +0.3%
- Median DOM
- 59
- YoY +0.0%
- Pending ratio
- 0.37
- YoY -0.0%
- Price-reduced
- 23.7%
- YoY +0.0%
P
Primpted Housing Analyst
Data-backedPrimpted research desk
The Albemarle housing market is not very competitive right now, with conditions favoring buyers more than sellers. Homes are staying on the market longer, and prices have been coming down.
The typical home in Albemarle is listed for $347,450. This price has dropped almost 1% in just the last month, and it's down a noticeable 9% compared to last year. This means sellers are asking for less money than they were before.
There are more homes to choose from, with 357 active listings, which is about 30% more than last year. Even though new listings have gone up by 5%, the increase in available homes suggests that houses aren't selling as quickly.
Houses are taking an average of 59 days to sell. This is about the same as last year, but it's still nearly two months for a home to find a buyer. Also, close to a quarter of all homes for sale, 23.7%, have had their prices cut, indicating that sellers are adjusting their expectations.
If you're thinking about buying in Albemarle, you have more options and less pressure to act fast. This could be a good time to negotiate for a better price.