Market Intelligence · NY / Albany

Albany, NY 12204 Housing Market

The typical home value in Albany's 12204 ZIP is $352,285, up 3.9% over the past year. The median list price stands at $714,900, with homes taking a median 53 days to sell as of September 2026.

Updated September 2026Median value$352K

The median home value in Albany, NY 12204 is $352K as of September 2026, up 3.9% 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 12204 range

$324K to $380K

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

+3.9% over 12 months

Sep 2025$339K

Low $339KHigh $352K

Sep 2026$352K

The numbers

What is the 12204 housing market like?

As of September 2026

Typical home value

$352K

3.9%YoY

Median list price

$715K

2.3%MoM

Days on market

23.3%MoM

Homes for sale

25.0%MoM

Price cuts

42.1%

131.6%MoM

New listings

0.0%MoM

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

The outlook

12204 housing market forecast 2027

+3.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 12204 to rise 3.0% by September 2027.

Over the 12 months through September 2026, typical home values in 12204 rose 3.9%, per the Zillow Home Value Index.

Will home prices drop in 12204?

Zillow's forecast does not call for a drop: it expects typical home values in 12204 to rise 3.0% by September 2027, after a 3.9% 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 12204 home prices compare?

12204$352,285
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

The 12204 market shows mixed signals. There are 10 homes for sale with 4 new listings as of September 2026, a modest supply. The median time on market of 53 days suggests steady but not brisk movement. Over 42.1% of listings have seen price cuts, which is notable given that typical home values have appreciated 3.9% annually. For sellers, this combination means you should price realistically and be prepared for negotiation.

Monthly payment

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Home price

Down payment20% · $70,457

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Common questions

What people ask us.

What is the typical home value in 12204?

The typical home value is $352,285 as of September 2026, up 3.9% over the past year.

How long do homes stay on the market in 12204?

The median days on market is 53 as of September 2026.

What share of homes are selling below list price?

As of September 2026, 42.1% of listings have received a price cut.

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