Market Trends: 5/18/2012
Albany
Market Snapshot
Total Properties Listed:
662
Month-Over-Month Change: +8.88%
Average List Price:
$200,831
Month-Over-Month Change: -.24%
Median List Price:
$175,000
Month-Over-Month Change: +1.16%
Typical Property
Single-Family Home
3.14 Bedrooms
1.91 Baths
$200,831 Average List Price
$118/SqFt Average Price per SqFt.
Average Price by Bedrooms:
1 Bedroom:
$173,336
2 Bedrooms:
$168,341
3 Bedrooms:
$184,756
4 Bedrooms:
$181,666
5 Bedrooms:
$196,351
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Albany, NY Real Estate:
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The Capital District
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The Capital District: 11,527 Listings
Albany Real Estate
About Albany
Albany is the capital city of New York, the seat of Albany County, and the central city of New York's Capital District. At roughly 150 miles (240 km) north of New York City, Albany sits on the west bank of the Hudson River, approximately 10 miles (16 km) south of its confluence with the Mohawk River. The city had an estimated population of 93,539 in 2008 and the population of the greater metropolitan area was estimated at 857,592 in 2009. Albany has close ties with the nearby cities of Troy, Schenectady, and Saratoga Springs, forming a region called the Capital District. The bulk of this area is made up of the Albany-Schenectady-Troy Metropolitan Statistical Area (MSA); this MSA is the fourth largest urban area in New York and the 56th largest MSA in the country.
Albany has been a center of higher education for over a century, with much of the remainder of its economy dependent on state government and health care services. The city has experienced a rebound from the urban decline of the 1970s and 1980s, with noticeable development happening in the city's downtown and midtown neighborhoods. Albany is known for its extensive history, culture, architecture, and institutions of higher education. The city is home to the mother churches of two Christian dioceses as well as the oldest Christian congregation in Upstate New York. Albany has won the All-America City Award on two occasions, 1991 and 2009.