Newbern, AL Foreclosures
How much do homes sell for in Newbern, AL?
The average home price is currently $150,285.
In Newbern, AL, how many homes are available?
There are currently 5 active home listings available in Newbern.
What’s the average rental cost in Newbern, AL?
The average rental price in Newbern is $843.
What is the most expensive home in Newbern?
The most expensive home sold in Newbern had a price of $602,374.
What is currently the cheapest priced home in Newbern, AL?
The cheapest home for sale in Newbern is priced at $28,995.
Living in Newbern, AL
Newbern, AL is a quaint and welcoming community located in the heart of Alabama. It offers residents a peaceful lifestyle surrounded by beautiful nature and a friendly atmosphere. With local schools, parks, and access to outdoor activities, Newbern is an ideal place for families and individuals looking to escape the hustle and bustle of city life.
Current Market Conditions in Newbern, AL
The real estate market in Newbern, AL, is experiencing stability, with a balanced inventory of homes available. Buyers are showing interest in the area due to its relaxed lifestyle and affordability compared to urban centers. While the prices remain reasonable, slight competition among buyers can occasionally drive up offers, making it an opportune time for home sellers to enter the market.
Fixed mortgage rates have contributed to maintaining current home prices, leading to solid but slow growth in property values. Overall, Newbern's real estate market is becoming progressively appealing due to its competitive pricing and scenic environment.
Home Value Estimator For Newbern, AL
There are currently 213 real estate properties
in Newbern, AL,
with a median automated valuation model (AVM) price
of $123,124.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Newbern, 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 Newbern, AL,
is $150,285.00, with the most expensive house
in Newbern, AL, topping out
at $602,374.00 and the cheapest home
in Newbern, AL,
clocking in at $28,995.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Newbern, AL!
Rent Prices
In Newbern, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Newbern, AL, is on
a rollercoaster ride. The
average rent price in Newbern, AL,
is $843.00. Indeed, when looking to rent in
Newbern, AL, you can expect to pay as little
as $520.00 or as much
as $1,660.00,
with the average rent median estimated to
be $800.00. The good news is that finding
an affordable and desirable property to rent in Newbern, 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
