Homewood, AL Foreclosures
How much do homes sell for in Homewood, AL?
The average home price is currently $612,839.
In Homewood, AL, how many homes are available?
There are currently 9 active home listings available in Homewood.
What’s the average rental cost in Homewood, AL?
The average rental price in Homewood is $1,710.
What is the most expensive home in Homewood?
The most expensive home sold in Homewood had a price of $6,358,668.
What is currently the cheapest priced home in Homewood, AL?
The cheapest home for sale in Homewood is priced at $11,630.
Living in Homewood, AL
Homewood, AL is a charming suburban city located just south of Birmingham. Known for its excellent schools, vibrant downtown, and plethora of parks, it is a sought-after area for families and professionals. With its rich community spirit and convenient access to city amenities, Homewood offers a balanced lifestyle for its residents.
Current Market Conditions in Homewood, AL
Currently, the Homewood real estate market is trending upwards, with home values appreciating steadily due to high demand and limited inventory. The area is particularly popular among families due to its educational institutions and community amenities, leading to competitive offers on available properties.
As of recent data, the market is characterized by low inventory combined with high buyer interest, resulting in quicker sales and often, homes selling above their listing price. The presence of several renovations and new constructions is also a positive indicator of a healthy real estate environment.
Home Value Estimator For Homewood, AL
There are currently 656 real estate properties
in Homewood, AL,
with a median automated valuation model (AVM) price
of $556,572.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Homewood, 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 Homewood, AL,
is $612,839.00, with the most expensive house
in Homewood, AL, topping out
at $6,358,668.00 and the cheapest home
in Homewood, AL,
clocking in at $11,630.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Homewood, AL!
Rent Prices
In Homewood, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Homewood, AL, is on
a rollercoaster ride. The
average rent price in Homewood, AL,
is $1,710.00. Indeed, when looking to rent in
Homewood, AL, you can expect to pay as little
as $640.00 or as much
as $3,010.00,
with the average rent median estimated to
be $1,690.00. The good news is that finding
an affordable and desirable property to rent in Homewood, 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.
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