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Bankruptcy Homes in Bessemer, AL

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Bessemer, AL Foreclosures

How much do homes sell for in Bessemer, AL?
The average home price is currently $180,811.
In Bessemer, AL, how many homes are available?
There are currently 443 active home listings available in Bessemer.
What’s the average rental cost in Bessemer, AL?
The average rental price in Bessemer is $1,056.
What is the most expensive home in Bessemer?
The most expensive home sold in Bessemer had a price of $23,803,288.
What is currently the cheapest priced home in Bessemer, AL?
The cheapest home for sale in Bessemer is priced at $10,004.

Living in Bessemer, AL

Bessemer, Alabama, is a thriving suburban city known for its strong community spirit and family-friendly atmosphere. With easy access to Birmingham, it provides residents with both a quiet lifestyle and the convenience of urban living. The city boasts numerous parks, schools, and local businesses, making it an appealing choice for families and young professionals alike.

Current Market Conditions in Bessemer, AL

The real estate market in Bessemer is currently experiencing a shift towards more favorable conditions for buyers. With an increase in inventory, potential homeowners find a wider variety of options, while prices remain relatively stable compared to the previous year. This trend indicates an opportune time for investment or buying a first home in the area.

New development projects are underway, contributing to the growth of the local economy and attracting new residents. Neighborhoods are seeing revitalization efforts that enhance property values, making Bessemer a promising area for both first-time homebuyers and seasoned investors.

Home Value Estimator For Bessemer, AL

There are currently 20,915 real estate properties in Bessemer, AL, with a median automated valuation model (AVM) price of $141,947.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bessemer, 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 Bessemer, AL, is $180,811.00, with the most expensive house in Bessemer, AL, topping out at $23,803,288.00 and the cheapest home in Bessemer, AL, clocking in at $10,004.00. In other words, there’s something for every potential homebuyer or savvy investor in Bessemer, AL!

Rent Prices In Bessemer, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bessemer, AL, is on a rollercoaster ride. The average rent price in Bessemer, AL, is $1,056.00. Indeed, when looking to rent in Bessemer, AL, you can expect to pay as little as $530.00 or as much as $2,920.00, 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 Bessemer, 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.

Bessemer, AL Bankruptcy Homes

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