Addison, AL Foreclosures
How much do homes sell for in Addison, AL?
The average home price is currently $190,763.
In Addison, AL, how many homes are available?
There are currently 3 active home listings available in Addison.
What’s the average rental cost in Addison, AL?
The average rental price in Addison is $1,048.
What is the most expensive home in Addison?
The most expensive home sold in Addison had a price of $1,665,491.
What is currently the cheapest priced home in Addison, AL?
The cheapest home for sale in Addison is priced at $10,743.
Living in Addison, AL
Addison, Alabama is a quaint town with a close community feel, where outdoor enthusiasts can enjoy fishing and hiking in a beautiful natural setting. With a low cost of living and access to local amenities, it's ideal for families and retirees alike. The nearby cities provide extra conveniences while maintaining the charm of small-town life.
Current Market Conditions in Addison, AL
The real estate market in Addison, AL has been experiencing steady growth, particularly in the last year. As interest rates have fluctuated, many buyers are taking the opportunity to invest in affordable properties, which leads to a competitive market especially among single-family homes. The prices have seen a slight increase, indicating a healthy demand fueled by local job opportunities and the town's appeal as a quiet family location.
Currently, the average home price in Addison is positioned favorably for first-time buyers, with several homes on the market under $250,000. The increasing buyer interest suggests potential for appreciation in property values, especially with the town's appealing natural amenities and community-focused environment. Overall, the Addison housing market appears promising for investors.
Home Value Estimator For Addison, AL
There are currently 776 real estate properties
in Addison, AL,
with a median automated valuation model (AVM) price
of $150,580.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Addison, 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 Addison, AL,
is $190,763.00, with the most expensive house
in Addison, AL, topping out
at $1,665,491.00 and the cheapest home
in Addison, AL,
clocking in at $10,743.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Addison, AL!
Rent Prices
In Addison, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Addison, AL, is on
a rollercoaster ride. The
average rent price in Addison, AL,
is $1,048.00. Indeed, when looking to rent in
Addison, AL, you can expect to pay as little
as $520.00 or as much
as $1,880.00,
with the average rent median estimated to
be $1,010.00. The good news is that finding
an affordable and desirable property to rent in Addison, 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
