Letohatchee, AL Foreclosures
How much do homes sell for in Letohatchee, AL?
The average home price is currently $190,678.
In Letohatchee, AL, how many homes are available?
There are currently 10 active home listings available in Letohatchee.
What’s the average rental cost in Letohatchee, AL?
The average rental price in Letohatchee is $974.
What is the most expensive home in Letohatchee?
The most expensive home sold in Letohatchee had a price of $780,410.
What is currently the cheapest priced home in Letohatchee, AL?
The cheapest home for sale in Letohatchee is priced at $16,112.
Living in Letohatchee, AL
Letohatchee, Alabama, is a quaint town known for its friendly community and peaceful living environment. It is surrounded by natural beauty and offers a relaxed atmosphere, making it suitable for families and retirees alike. The town's close-knit nature ensures residents engage with one another, promoting a strong sense of belonging.
Current Market Conditions in Letohatchee, AL
The real estate market in Letohatchee remains stable with a modest increase in home values over the last few months. The demand for homes in this quaint town is particularly driven by buyers looking for affordable housing options and the allure of a peaceful lifestyle. As interest rates remain relatively low, potential buyers are actively exploring properties, contributing to a balanced market.
Overall trends indicate an increase in home sales, driven by new families and retirees seeking a quieter lifestyle. Inventory levels have slightly decreased, resulting in competitive bidding situations for desirable properties, while prices have experienced a gradual increase.
Home Value Estimator For Letohatchee, AL
There are currently 381 real estate properties
in Letohatchee, AL,
with a median automated valuation model (AVM) price
of $153,635.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Letohatchee, 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 Letohatchee, AL,
is $190,678.00, with the most expensive house
in Letohatchee, AL, topping out
at $780,410.00 and the cheapest home
in Letohatchee, AL,
clocking in at $16,112.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Letohatchee, AL!
Rent Prices
In Letohatchee, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Letohatchee, AL, is on
a rollercoaster ride. The
average rent price in Letohatchee, AL,
is $974.00. Indeed, when looking to rent in
Letohatchee, AL, you can expect to pay as little
as $550.00 or as much
as $1,840.00,
with the average rent median estimated to
be $920.00. The good news is that finding
an affordable and desirable property to rent in Letohatchee, 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
