Market Intelligence · NY / Albany

Albany, NY 12204 Housing Market

Typical home value in Albany, NY 12204 is $355,920, up 4.1% over the past year. The median list price is $699,000, and homes spend a median 43 days on market. The asking level is well above the typical value because the active list is small and skews higher.

Updated August 2026Median value$356K

The median home value in Albany, NY 12204 is $356K as of August 2026, up 4.1% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 12204 range

$327K to $384K

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

+4.1% over 12 months

Typical home value in 12204 over the last 12 months: $342K in Aug 2025 to $356K in Aug 2026 (+4.1%).

Aug 2025$342K

Aug 2026$356K

The numbers

What is the 12204 housing market like?

Typical home value

$356K

Up4.1%YoY

Median list price

$699K

Up32.5%MoM

Days on market

43

Up16.2%MoM

Homes for sale

8

Down11.1%MoM

Price cuts

18.2%

Down41.2%MoM

New listings

4

Down33.3%MoM

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

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The comparison

How do 12204 home prices compare?

  • 12204$355,920
  • Albany$331,973
  • New York$332,241
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Albany: 9 ZIPs; New York: 1,561 ZIPs; United States: 26,265 ZIPs).

Context

Inventory is thin, with 8 homes for sale and 4 new listings. Sellers are asking a median $699,000, while the typical home value is $355,920, so the current list does not represent the average home in 12204. Values are up 4.1% over the past year, and the median days on market is 43. Price cuts appear on 18.2% of listings, which suggests most sellers are holding firm but some are adjusting after listing. For a seller, the honest read is that accurate pricing matters more than testing the top of the market.

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20% · $71,184

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