Demopolis, AL Foreclosures
How much do homes sell for in Demopolis, AL?
The average home price is currently $164,664.
In Demopolis, AL, how many homes are available?
There are currently 1 active home listings available in Demopolis.
What’s the average rental cost in Demopolis, AL?
The average rental price in Demopolis is $899.
What is the most expensive home in Demopolis?
The most expensive home sold in Demopolis had a price of $1,109,267.
What is currently the cheapest priced home in Demopolis, AL?
The cheapest home for sale in Demopolis is priced at $13,921.
Living in Demopolis, AL
Demopolis, AL, is a charming city that captures the essence of Southern living. Located on the banks of two rivers, it offers stunning views, rich historical roots, and a close-knit community. With various outdoor activities and strong educational facilities, it's an ideal spot for families and outdoor enthusiasts alike.
Current Market Conditions in Demopolis, AL
The Demopolis real estate market has seen steady growth over the past year, with an increase in buyer interest due to low mortgage rates and the town's appealing amenities. The inventory levels have been somewhat limited, leading to competitive bidding in popular neighborhoods. Overall, properties in Demopolis offer good value, particularly for first-time home buyers and retirees looking for affordable options.
As of late 2023, the market is stabilizing with more homes coming onto the market, allowing buyers a wider choice without the urgency experienced in previous months. However, prices are beginning to rise steadily due to increased demand, particularly for homes situated near the water and with historical significance.
Home Value Estimator For Demopolis, AL
There are currently 2,197 real estate properties
in Demopolis, AL,
with a median automated valuation model (AVM) price
of $150,613.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Demopolis, 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 Demopolis, AL,
is $164,664.00, with the most expensive house
in Demopolis, AL, topping out
at $1,109,267.00 and the cheapest home
in Demopolis, AL,
clocking in at $13,921.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Demopolis, AL!
Rent Prices
In Demopolis, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Demopolis, AL, is on
a rollercoaster ride. The
average rent price in Demopolis, AL,
is $899.00. Indeed, when looking to rent in
Demopolis, AL, you can expect to pay as little
as $520.00 or as much
as $1,820.00,
with the average rent median estimated to
be $850.00. The good news is that finding
an affordable and desirable property to rent in Demopolis, 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
