Albany Real Estate Market
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.
Avg Sold Price
$446K
Avg Days on Market
97
Residential <1 acre
Homes Sold (Q1)
147
Active Listings
137
2.8 months supply
Price per Sq Ft
$265
vs. Lebanon at $245
Avg List Price
$449K
99.3% list-to-sold
30-Yr Rate
6.65%
Current average
Est. Monthly Payment
$2,292
20% down, P&I only
How Albany Compares
Side-by-side with other Willamette Valley markets
| City | Avg Price | Avg DOM | $/Sq Ft | YoY |
|---|---|---|---|---|
| Lebanon | $377,115 | 105 days | $245 | +3.4% |
| Corvallis | $593,250 | 102 days | $326 | +4.1% |
| Albany | $446,343 | 97 days | $265 | -1.5% |
| Sweet Home | $330,467 | 102 days | $212 | -4.8% |
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 Neighborhoods
Where to buy in Albany
Historic Districts
$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.
Open area map→North Albany
$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.
Open area map→South Albany
$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.
Open area map→East Albany
$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.
Open area map→Market Insights
What This Means for Buyers
- 1
Price Correction Opportunity
Albany prices are down 1.5% YoY — a window for buyers to get more home for their money.
- 2
137 Active Listings
With 2.8 months of supply and 97 avg days on market, there is moderate selection for buyers.
- 3
Est. $2,292/mo
At $446K with 20% down and 6.65% rate. Try our calculator
What This Means for Sellers
- ✓
99.3% List-to-Sold Ratio
Homes are selling close to asking price. Proper pricing is key to a fast sale in Albany.
- ✓
147 Sales This Quarter
Sales volume is up 10.5% from Q1 2025 — buyer demand is growing.
- ✓
97 Average Days on Market
Well-priced homes in Albany are moving. Contact Team Gillott for a free CMA to price your home right.
Related Resources
Updated quarterly. Data sourced from the Willamette Valley MLS, as of March 31, 2026. All information deemed reliable but not guaranteed.