Dothan, AL Foreclosures
Current Market Conditions in in Dothan, AL As of February 2026?
Over the past month, Dothan has seen an uptick in home sales as buyers are eager to take advantage of favorable lending conditions before interest rates rise further. The average time homes spend on the market has decreased slightly, indicating heightened buyer interest. Properties priced competitively are being sold quickly, often within a week of listing. This trend showcases the resilience of the Dothan real estate market despite national fluctuations.
How much do homes sell for in Dothan, AL?
The average home price is currently $254,511.
In Dothan, AL, how many homes are available?
There are currently 421 active home listings available in Dothan.
What’s the average rental cost in Dothan, AL?
The average rental price in Dothan is $1,018.
What is the most expensive home in Dothan?
The most expensive home sold in Dothan had a price of $56,595,996.
What is currently the cheapest priced home in Dothan, AL?
The cheapest home for sale in Dothan is priced at $10,098.
Living in Dothan, AL
Dothan offers a charming blend of southern hospitality and modern living. With a rich history and a vibrant community, it's an ideal place for families and retirees alike. Residents enjoy a mild climate, numerous recreational opportunities, and a growing economy.
Buyer vs Seller Market in Dothan, AL
The Dothan real estate market has shown consistent growth over the past year, with increasing demand for single-family homes. The median home price has risen, indicating a healthy market and encouraging new constructions and developments to meet demand. Investors and homebuyers alike are finding opportunities in this area, particularly for properties priced under $300,000, which are in high demand.
Current trends show that homes are selling faster than in previous years, due in part to low inventory levels and attractive interest rates. The market is particularly favorable for first-time homebuyers, as there are various programs available to assist with down payments.
Dothan's economy is diversifying, with new businesses opening and increasing job opportunities, making it an attractive location for relocation.
Home Value Estimator For Dothan, AL
There are currently 29,719 real estate properties
in Dothan, AL,
with a median automated valuation model (AVM) price
of $195,947.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Dothan, 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 Dothan, AL,
is $254,511.00, with the most expensive house
in Dothan, AL, topping out
at $56,595,996.00 and the cheapest home
in Dothan, AL,
clocking in at $10,098.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Dothan, AL!
Rent Prices
In Dothan, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Dothan, AL, is on
a rollercoaster ride. The
average rent price in Dothan, AL,
is $1,018.00. Indeed, when looking to rent in
Dothan, AL, you can expect to pay as little
as $400.00 or as much
as $3,260.00,
with the average rent median estimated to
be $930.00. The good news is that finding
an affordable and desirable property to rent in Dothan, 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.
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