Albion Real Estate
47 active listings · 127 sold in the past 12mo
$133,900
Median List Price
127
Sold (past 12mo)
69
Avg Days on Market
-23.3%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Your Albion Realtor
Alexander Munro
Broker of Record · MI License #6502405404
Direct-to-broker representation for buyers and sellers in Albion and across Southeast Michigan. No team handoffs, no junk fees, full media included on every listing. Research-first approach grounded in MLS, public records, and on-the-ground knowledge of the local market.
Active Listings
Loading map…
Market Dashboard
Homes for Sale(47)
View all with filters →
For Sale
1/39
$1,500,000
1991 N Concord Road, Albion, MI 49224
3 bd2 ba1,756 sqft86 ac
Single Family
For Sale
1/67
$695,000
4071 Anderson Drive, Albion, MI 49224
3 bd2 ba1,980 sqft0.18 ac
Single Family
Under Contract
1/50
$549,000
7295 N Gibbs Road, Albion, MI 49224
5 bd3 ba3,904 sqft8.56 ac
Single Family
For Sale
1/49
$525,000
2321 Country Club Way, Albion, MI 49224
3 bd2 ba0.16 ac
Single Family
Under Contract
1/43
$389,900
19822 27-1/2 Mile Road, Albion, MI 49224
3 bd2 ba1,472 sqft3.80 ac
Single Family
Under Contract
1/46
$369,900
13550 Devereaux Road, Albion, MI 49224
4 bd2 ba2,774 sqft3.51 ac
Single Family
For Sale
1/37
$369,500
903 Cram Lane, Albion, MI 49224
4 bd5 ba4,022 sqft1.59 ac
Single Family
Under Contract
1/38
$349,900
13850 Hutchison Road, Albion, MI 49224
2 bd2 ba1,540 sqft1.20 ac
Single Family
Under Contract
1/53
$325,000
26999 Division Drive, Albion, MI 49224
2 bd2 ba1,222 sqft11.01 ac
Single Family
Under Contract
1/54
$324,900
29260 Albion Road, Albion, MI 49224
3 bd2 ba2,349 sqft1.22 ac
Single Family
Under Contract
1/56
$299,900
16400 28 Mile Road, Albion, MI 49224
4 bd2 ba2,400 sqft20 ac
Single Family
For Sale
1/57
$250,000
208 W Erie Street, Albion, MI 49224
3 bd4 ba6,317 sqft0.42 ac
Single Family
Under Contract
1/72
$249,000
1123 N Clark Street, Albion, MI 49224
4 bd2 ba1,965 sqft2 ac
Single Family
For Sale
1/23
$225,000
10872 25 1/2 Mile Road, Albion, MI 49224
4 bd1 ba2,200 sqft1.06 ac
Single Family
Coming Soon
1/16
$185,000
1009 N Mingo Street, Albion, MI 49224
3 bd1 ba1,152 sqft0.29 ac
Single Family
For Sale
1/17
$185,000
409 E Porter Street, Albion, MI 49224
4 bd3 ba2,408 sqft0.21 ac
Single Family
For Sale
1/24
$169,900
907 Sheridan Court, Albion, MI 49224
3 bd2 ba1,110 sqft0.16 ac
Single Family
For Sale
1/22
$165,000
905 Burr Oak Street, Albion, MI 49224
3 bd1 ba1,466 sqft0.23 ac
Single Family
For Sale
1/6
$162,000
519 N Mingo Street, Albion, MI 49224
2 bd1 ba1,434 sqft0.38 ac
Single Family
For Sale
1/43
$159,900
20420 26 1/2 Mile Road, Albion, MI 49224
1 bd1 ba1 ac
Single Family
For Sale
1/16
$150,000
1515 Dean Drive, Albion, MI 49224
4 bd2 ba1,500 sqft0.21 ac
Single Family
For Sale
1/28
$140,000
3281 Country Club Way, Albion, MI 49224
2 bd2 ba1,021 sqft
Single Family
For Sale
1/8
$136,000
505 N Ionia Street, Albion, MI 49224
3 bd2 ba1,679 sqft0.14 ac
Single Family
For Sale
1/24
$133,900
822 N Berrien Street, Albion, MI 49224
3 bd1 ba688 sqft0.17 ac
Single Family
Recently Sold(127)
Frequently Asked Questions about Albion
How many homes are for sale in Albion?
Albion currently has 47 homes listed for sale. The median asking price is $133,900.
How much do homes cost in Albion?
The median sale price in Albion is $133,900, based on 127 closed sales over the past 12 months.
How long do homes stay on the market in Albion?
Homes in Albion sell in an average of 69 days, based on 127 sales over the past 12 months.
What schools are in Albion?
Multiple school districts may serve Albion. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
What are market conditions like in Albion?
Albion is currently a balanced market, with 4.4 months of supply. That ratio comes from 47 active listings relative to 127 sales per year.
How much are property taxes in Albion?
Property taxes in Albion are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
Is housing demand growing in Albion?
Based on Census Bureau ACS data, Albion shows a -23.3% Household Formation Gap. Despite household size decreasing from 2.37 to 2.56, the 17.2% population decline has reduced the overall number of households needing housing. This is a secondary demographic indicator, distinct from primary market measures.