Opelika, AL Foreclosures
How much do homes sell for in Opelika, AL?
The average home price is currently $292,323.
In Opelika, AL, how many homes are available?
There are currently 418 active home listings available in Opelika.
What’s the average rental cost in Opelika, AL?
The average rental price in Opelika is $1,140.
What is the most expensive home in Opelika?
The most expensive home sold in Opelika had a price of $10,044,300.
What is currently the cheapest priced home in Opelika, AL?
The cheapest home for sale in Opelika is priced at $14,949.
Living in Opelika, AL
Opelika, AL is a charming city rich in history and modern conveniences. With its strong community feel, beautiful parks, and great educational institutions, it’s an ideal place for families and individuals seeking a vibrant lifestyle. The city’s proximity to Auburn University adds a dynamic element to the local culture and economy.
Current Market Conditions in Opelika, AL
The real estate market in Opelika is currently showing signs of growth, with an increase in home prices and demand for properties. Many buyers are drawn to the area due to its family-friendly atmosphere, quality schools, and proximity to recreational activities. Inventory levels have fluctuated, but the overall market remains competitive, attracting both first-time buyers and investors alike.
Investors have taken note of Opelika's potential, especially considering its historical appreciation rates and the influx of residents from nearby Auburn. The city’s appeal is only expected to grow as development projects and infrastructure improvements are ongoing, further enhancing its attractiveness.
Residential properties are generally moving quickly in Opelika, with many homes receiving multiple offers shortly after listing. This trend indicates a healthy market, driven by young professionals, families, and retirees alike.
Home Value Estimator For Opelika, AL
There are currently 10,297 real estate properties
in Opelika, AL,
with a median automated valuation model (AVM) price
of $257,146.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Opelika, 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 Opelika, AL,
is $292,323.00, with the most expensive house
in Opelika, AL, topping out
at $10,044,300.00 and the cheapest home
in Opelika, AL,
clocking in at $14,949.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Opelika, AL!
Rent Prices
In Opelika, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Opelika, AL, is on
a rollercoaster ride. The
average rent price in Opelika, AL,
is $1,140.00. Indeed, when looking to rent in
Opelika, AL, you can expect to pay as little
as $400.00 or as much
as $3,380.00,
with the average rent median estimated to
be $1,110.00. The good news is that finding
an affordable and desirable property to rent in Opelika, 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
