Why Live in Park South
Park South in Albany is a neighborhood located between a major park and two medical centers, making it convenient for students, doctors, and hospital employees. The area is highly walkable, with numerous restaurants, bars, and shops just a few blocks away. Lark Street, Madison, and Delaware avenues are key areas for arts and entertainment, featuring cafes, art galleries, and unique shops. Notable dining options include El Loco Mexican Café and Savoy Taproom. Washington Park, adjacent to Park South, hosts the annual Albany Tulip Festival and offers a lakehouse, skatepark, sports courts, and playgrounds. Lincoln Park, nearby, provides city views, tennis and basketball courts, and a historic pool undergoing renovation. The neighborhood is well-connected with CDTA bus routes, bike lanes, and a bike-sharing program. Major highways and Albany International Airport are easily accessible, with the airport being about 10 miles away. Housing in Park South consists mainly of brownstones and turn-of-the-century wood-framed houses, often converted into multi-family units, attracting many young professionals and investors. Parts of the neighborhood are prone to flooding, so potential buyers should inquire about flood risks. The new Capital District YMCA offers fitness facilities, and the Albany Medical Center and Albany Stratton Veterans Affairs Medical Center are significant local employers.
Home Trends in Park South, NY
On average, homes in Park South, Albany sell after 7 days on the market compared to the national average of 51 days. The median sale price for homes in Park South, Albany over the last 12 months is $215,000, up 34% from the median home sale price over the previous 12 months.
Median Sale Price
$215,000
Median Single Family Sale Price
$215,000
Average Price Per Sq Ft
$113
Last 12 months Home Sales
2
Median List Price
$227,450
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
34%