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Fixer Upper Homes in Somerville, AL

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Somerville, AL Foreclosures

How much do homes sell for in Somerville, AL?
The average home price is currently $271,245.
In Somerville, AL, how many homes are available?
There are currently 23 active home listings available in Somerville.
What’s the average rental cost in Somerville, AL?
The average rental price in Somerville is $1,051.
What is the most expensive home in Somerville?
The most expensive home sold in Somerville had a price of $3,309,300.
What is currently the cheapest priced home in Somerville, AL?
The cheapest home for sale in Somerville is priced at $10,214.

Living in Somerville, AL

Somerville, Alabama, is a serene small town surrounded by nature and equipped with a strong community spirit. It offers a rural lifestyle with modern conveniences, making it an appealing choice for families and retirees alike. With excellent schools and a focus on outdoor activities, Somerville is a hidden gem in the heart of Alabama.

Current Market Conditions in Somerville, AL

The real estate market in Somerville has shown steady growth over the past few years. Property values have increased as more families are discovering the charm of small-town living while still maintaining proximity to larger urban areas. The market is characterized by a mix of single-family homes, many of which offer land and outdoor space, appealing to those looking for a peaceful retreat.

Currently, the demand for homes in Somerville is driven by both local buyers and those relocating from larger cities in search of affordable housing options. The market is competitive, yet buyers can still find reasonably priced homes compared to more urban areas in Alabama.

Home Value Estimator For Somerville, AL

There are currently 2,026 real estate properties in Somerville, AL, with a median automated valuation model (AVM) price of $240,281.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Somerville, AL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Somerville, AL, is $271,245.00, with the most expensive house in Somerville, AL, topping out at $3,309,300.00 and the cheapest home in Somerville, AL, clocking in at $10,214.00. In other words, there’s something for every potential homebuyer or savvy investor in Somerville, AL!

Rent Prices In Somerville, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Somerville, AL, is on a rollercoaster ride. The average rent price in Somerville, AL, is $1,051.00. Indeed, when looking to rent in Somerville, AL, you can expect to pay as little as $510.00 or as much as $2,140.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Somerville, AL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Somerville, AL Fixer Upper Homes

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