Home Prices by City — September 2026
| City | Median Price | YoY Change | Avg DOM |
|---|---|---|---|
| Guilderland | $382,000 | +9.1% | 14 |
| Latham / Colonie | $362,000 | +8.3% | 16 |
| Capital Region Overall | $338,000 | +7.4% | 18 |
| Albany City | $265,000 | +6.0% | 21 |
| Troy | $225,000 | +10.2% | 19 |
| Schenectady | $210,000 | +11.5% | 17 |
Market Conditions: Seller's Market
The Capital Region remains a strong seller's market in 2026, with demand significantly outpacing supply. Months of supply sits at approximately 1.4 months — far below the 5–6 months needed for a balanced market. Key dynamics:
- Multiple offer situations are common on move-in-ready homes under $400K
- Homes in top school districts (Guilderland, Bethlehem, Niskayuna) go especially fast
- New construction is absorbing some demand but supply gaps remain
- Buyers from NYC and New England are driving competition in Latham and Colonie
- Cash buyers make up ~22% of transactions, up from 17% in 2024
What This Means for Buyers
Move quickly when you find the right home. Have your pre-approval letter ready before you tour. Be prepared to offer above asking price and write clean offers — Asad's negotiation certification from eCornell means he knows exactly how to structure competitive offers that win.
What This Means for Sellers
Now is an excellent time to sell. Properly priced, well-presented homes in the Capital Region are selling in under 3 weeks with multiple offers. Asad's marketing system — including professional photos, MLS listing, Realtor.com syndication, and social media — maximizes your sale price.
2026 Market Outlook
The Capital Region's relative affordability compared to New York City and other metros continues to attract buyers. Albany County's diverse employment base — state government, healthcare (Albany Med, St. Peter's), higher education (UAlbany, RPI, Siena, Union College), and growing tech — supports steady housing demand.
Forecasts for the remaining months of 2026 point to continued modest price appreciation (5–8% annualized), stabilizing inventory, and a gradual reduction in multiple-offer situations as more homes come to market in fall. Buyers who act in Q4 2026 may find slightly less competition than Q1–Q2 buyers faced.
Asad M Butt
NYS Licensed Realtor — Lic. #10401361634
Want to know what your home is worth in today's market, or what you can afford as a buyer? Talk to Asad today.
Get Free Home Valuation Or schedule a buyer consult →