Q1 2026 MLS Data

Albany, Oregon
real estate

Albany blends small-town character with urban convenience. A hub for antique lovers and history buffs, Albany offers diverse housing stock, strong schools, and easy access to both Salem and Corvallis.

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Avg Sold Price

$446K

Q1 2026

Homes Sold Q1

147

YoY: up from 133 in Q1 2025

Avg Days on Market

97

Residential <1 acre

Active Listings

137

Current inventory

Albany market snapshot

Q1 2026 data from Willamette Valley MLS. 147 residential sales under 1 acre.

Avg Sold Price

$446,343

-1.5% YoY

Avg Days on Market

97

Residential <1 acre

Active Listings

137

Current inventory

Price per Sq Ft

$265

Average

Albany vs Lebanon

Albany is about 65% larger than Lebanon by population and offers a wider range of housing from historic Victorian homes to new construction. At $446K average, Albany is more affordable than Corvallis but 18% higher than Lebanon ($377K). Albany homes spend fewer days on market (97 vs 105) and the city provides more urban amenities, shopping, and dining options. Lebanon wins on outdoor recreation access and small-town feel.

Albany

$446,343

Lebanon

$377,115

Difference

$69,228

Drive Time

15 minutes via US-20

Why Albany?

Population 56,828 (+1.2% annually). 12 miles west of Lebanon via US-20.

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Largest historic districts in Oregon — 700+ historic homes across four designated districts

Affordable compared to Corvallis ($446K vs $593K) with similar amenities

Central Willamette Valley location: 25 min to Salem, 15 min to Corvallis, 15 min to Lebanon

Strong job market with major employers in healthcare, manufacturing, and government

Excellent parks system including Timber-Linn Memorial Park and over 30 developed parks

Active arts and culture scene with the Albany Civic Theater and numerous festivals

Albany neighborhoods

Explore distinct areas of Albany, each with its own character and price point.

Historic Districts

Victorian and craftsman homes downtown

$280K–$450K

Four National Register historic districts with over 700 homes ranging from 1850s Queen Anne to 1920s Craftsman. Walkable to downtown shops and restaurants.

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North Albany

Family-friendly with Corvallis commute access

$400K–$600K

Newer subdivisions north of the Willamette River with excellent schools, parks, and easy access to Corvallis via Highway 20. Popular with families and OSU commuters.

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South Albany

Affordable starter homes and acreage

$320K–$420K

Mix of established neighborhoods and rural properties south of town. Offers some of the most affordable housing in the area with larger lot sizes.

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East Albany

Growing developments near I-5

$350K–$500K

Albany's fastest-growing area with newer construction, shopping centers, and easy I-5 access. A mix of single-family homes and townhomes in planned developments.

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Schools

Greater Albany Public Schools (GAPS)

  • ✓Serves 10,000+ students across 20 schools
  • ✓South Albany High and West Albany High are both rated above state averages
  • ✓GAPS offers career technical education programs in healthcare, engineering, and agriculture
  • ✓Oak Grove Elementary rated highly for STEM education

Major employers

Samaritan Health Services

Healthcare

2,000+

ATI Specialty Alloys

Manufacturing

1,200+

Linn County Government

Government

800+

Greater Albany Public Schools

Education

1,500+

Target Distribution Center

Logistics

500+

Outdoor recreation near Albany

Timber-Linn Memorial Park — 130 acres with pool, skatepark, sports fields

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Dave Clark Trail along the Willamette River

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Talking Water Gardens — constructed wetland park and bird watching

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Benton County Fairgrounds events year-round

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Nearby Cascades access for skiing and hiking

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Calapooia River kayaking and fishing

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Frequently asked questions about Albany

Is Albany, Oregon a good place to live?

▼
Yes. Albany offers affordable housing, strong schools, rich history, and a central Willamette Valley location. It is within 25 minutes of Salem, Corvallis, and Lebanon, making it ideal for commuters. The historic districts are nationally recognized, and the parks system is one of the best in the valley.

What is the average home price in Albany, Oregon?

▼
As of Q1 2026, the average sold price in Albany is $446,343 for residential properties under 1 acre. This represents a slight decrease of 1.5% year-over-year. 147 homes sold in Q1 2026, up from 133 in Q1 2025, indicating strong buyer activity.

How does Albany compare to Corvallis for home buyers?

▼
Albany is significantly more affordable — $446K average vs $593K in Corvallis. Albany offers more housing inventory (137 active listings vs 79), a wider range of home styles including historic properties, and similar commute access to I-5 and Highway 20. Corvallis has the university and a higher concentration of tech jobs.

What are the best neighborhoods in Albany?

▼
Top neighborhoods include the Historic Districts (Victorian charm, walkable downtown), North Albany (family-friendly, good schools, Corvallis commute), East Albany (newer construction, shopping), and South Albany (affordable starter homes, larger lots).

How far is Albany from Lebanon?

▼
Albany is approximately 12 miles west of Lebanon, about a 15-minute drive via US-20. Many residents commute between the two cities for work and shopping.

Explore more

Market Report

Full quarterly market data with charts and city comparisons.

Lebanon Neighborhoods

Explore Lebanon's four distinct neighborhoods.

Lebanon Real Estate

Willamette Valley value with small-town access

Corvallis Real Estate

University town with top-tier quality of life

Sweet Home Real Estate

Gateway to the Cascades at Willamette Valley price

Compare Cities

Side-by-side comparison of Lebanon, Albany, and Corvallis.

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