Year over year, West Hill home values have moved up notably, with the typical home value rising about 16 percent in this rolling three-month view. Median list prices climbed even faster, up more than 30 percent from a year ago, signaling stronger pricing power for sellers. Compared with the broader Albany market, West Hill’s typical home value remains lower, which can appeal to value-focused buyers.
Current inventory looks much looser than last year, with months of supply jumping to 8.7, far above Albany’s 2.4 months. Even with that larger supply, homes are not lingering, as the median time to sell has dropped to just 17 days in this three-month period.
Sales activity, however, has cooled from a year ago, with homes sold and pending sales both down more than one-third, even as new listings increased nearly 70 percent. Despite fewer closings, pricing is holding firm, with an average sale-to-list ratio just above 100 percent and about one-quarter of homes selling above asking. This mix of higher prices, faster market times, and softer sales volume creates a nuanced landscape for both sides of the table. Buyers need to weigh improved selection against rising prices, while sellers must price strategically in a slower sales environment, and Agent Pronto can help both buyers and sellers find the right real estate agent to navigate it.
