Bay Minette, AL Foreclosures
How much do homes sell for in Bay Minette, AL?
The average home price is currently $259,375.
In Bay Minette, AL, how many homes are available?
There are currently 13 active home listings available in Bay Minette.
What’s the average rental cost in Bay Minette, AL?
The average rental price in Bay Minette is $1,162.
What is the most expensive home in Bay Minette?
The most expensive home sold in Bay Minette had a price of $3,743,335.
What is currently the cheapest priced home in Bay Minette, AL?
The cheapest home for sale in Bay Minette is priced at $10,602.
Living in Bay Minette, AL
Bay Minette is a charming city located in Baldwin County, Alabama, known for its rich history and small-town feel. The community offers a friendly atmosphere with a variety of local amenities and easy access to outdoor activities. Residents enjoy a blend of rural and suburban living, with beautiful natural landscapes and an abundance of recreational opportunities.
Current Market Conditions in Bay Minette, AL
The real estate market in Bay Minette is steadily growing, with an increase in demand for residential properties. The city's appeal as a family-friendly community, combined with its affordable housing options, is attracting new residents, which is contributing to a healthy housing market. Buyers can find a diverse range of properties, from historic homes to new constructions, catering to a variety of preferences and budgets.
In recent months, Bay Minette has seen a surge in home prices, reflecting a nationwide trend of increasing property values as more individuals and families look to relocate from urban areas to quieter, suburban environments. The competition among buyers has led to quicker sales and potential bidding wars, indicating a strong interest in the city's real estate.
Home Value Estimator For Bay Minette, AL
There are currently 5,879 real estate properties
in Bay Minette, AL,
with a median automated valuation model (AVM) price
of $230,200.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Bay Minette, 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 Bay Minette, AL,
is $259,375.00, with the most expensive house
in Bay Minette, AL, topping out
at $3,743,335.00 and the cheapest home
in Bay Minette, AL,
clocking in at $10,602.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Bay Minette, AL!
Rent Prices
In Bay Minette, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Bay Minette, AL, is on
a rollercoaster ride. The
average rent price in Bay Minette, AL,
is $1,162.00. Indeed, when looking to rent in
Bay Minette, AL, you can expect to pay as little
as $540.00 or as much
as $3,260.00,
with the average rent median estimated to
be $1,140.00. The good news is that finding
an affordable and desirable property to rent in Bay Minette, 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
