Market Intelligence · NY / Albany

Albany, NY 12203 Housing Market

The typical home value in Albany 12203 is $339,006, up 3.6% over the past year. Homes are listed at a median price of $325,950 and spend a median 31 days on market.

Updated September 2026Median value$339K

The median home value in Albany, NY 12203 is $339K as of September 2026, up 3.6% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 12203 range

$312K to $366K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+3.6% over 12 months

Sep 2025$327K

Low $327KHigh $339K

Sep 2026$339K

The numbers

What is the 12203 housing market like?

As of September 2026

Typical home value

$339K

3.6%YoY

Median list price

$326K

4.1%MoM

Days on market

27.9%MoM

Homes for sale

52.4%MoM

Price cuts

15.1%

258.9%MoM

New listings

41.7%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

12203 housing market forecast 2027

+2.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 12203 to rise 2.9% by September 2027.

Over the 12 months through September 2026, typical home values in 12203 rose 3.6%, per the Zillow Home Value Index.

Will home prices drop in 12203?

Zillow's forecast does not call for a drop: it expects typical home values in 12203 to rise 2.9% by September 2027, after a 3.6% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 12203 home prices compare?

12203$339,006
Albany$330,171
New York$329,626
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Albany: 9 ZIPs; New York: 1,561 ZIPs; United States: 26,262 ZIPs).

Context

Albany 12203 has 32 homes for sale as of September 2026, with 14 new listings entering the market recently. The median list price stands at $325,950, and homes typically sell within 31 days. About 15.1% of listings have seen a price cut, suggesting some sellers are adjusting to market conditions. Despite the price reductions, the typical home value has still gained 3.6% over the past year. For sellers, the data indicates a market that is moderately active but not strongly tilted in your favor.

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Home price

Down payment20% · $67,801

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Common questions

What people ask us.

What is the typical home value in Albany 12203?

The typical home value is $339,006, up 3.6% over the past year as of September 2026.

How long do homes typically stay on market in this ZIP?

Homes spend a median of 31 days on market in Albany 12203.

What is the median list price in Albany 12203?

The median list price is $325,950 as of September 2026.

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