Luverne, AL Foreclosures
How much do homes sell for in Luverne, AL?
The average home price is currently $198,504.
What’s the average rental cost in Luverne, AL?
The average rental price in Luverne is $930.
What is the most expensive home in Luverne?
The most expensive home sold in Luverne had a price of $5,343,136.
What is currently the cheapest priced home in Luverne, AL?
The cheapest home for sale in Luverne is priced at $12,085.
Living in Luverne, AL
Luverne, AL, is a quaint and friendly city known for its rich history and strong community ties. With attractive parks and outdoor activities, this small town offers a welcoming atmosphere for families and individuals alike. Its central location makes it easy to access nearby larger cities while enjoying the charm of small-town living.
Current Market Conditions in Luverne, AL
The real estate market in Luverne is stable, with a moderate supply of homes available for buyers. Currently, housing prices are reasonable, making it an attractive option for first-time homebuyers or those looking for affordable housing. There has been a steady demand for properties, especially in family-friendly neighborhoods, indicating a strong market.
Interest rates have seen fluctuations recently, which, along with the growing appeal of Luverne, has influenced buyer behavior and market dynamics positively. Investors are also looking toward Luverne due to its future growth potential.
Home Value Estimator For Luverne, AL
There are currently 1,385 real estate properties
in Luverne, AL,
with a median automated valuation model (AVM) price
of $141,542.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Luverne, 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 Luverne, AL,
is $198,504.00, with the most expensive house
in Luverne, AL, topping out
at $5,343,136.00 and the cheapest home
in Luverne, AL,
clocking in at $12,085.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Luverne, AL!
Rent Prices
In Luverne, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Luverne, AL, is on
a rollercoaster ride. The
average rent price in Luverne, AL,
is $930.00. Indeed, when looking to rent in
Luverne, AL, you can expect to pay as little
as $450.00 or as much
as $1,960.00,
with the average rent median estimated to
be $880.00. The good news is that finding
an affordable and desirable property to rent in Luverne, 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.
Learn more on Foreclosure homes
