Pelham, AL Foreclosures
Current Market Conditions in in Pelham, AL As of March 2026?
Over the past month, Pelham's real estate market has remained quite competitive with a slight increase in home prices, averaging a 3% rise since last month. The number of homes sold has stabilized, although new listings are coming onto the market consistently. Homebuyers are still actively searching for properties, particularly in the mid-range price bracket, indicating healthy demand despite economic uncertainties. Open house events and showings remain high as families continue to explore the area's offerings.
How much do homes sell for in Pelham, AL?
The average home price is currently $394,864.
In Pelham, AL, how many homes are available?
There are currently 78 active home listings available in Pelham.
What’s the average rental cost in Pelham, AL?
The average rental price in Pelham is $1,440.
What is the most expensive home in Pelham?
The most expensive home sold in Pelham had a price of $30,065,153.
What is currently the cheapest priced home in Pelham, AL?
The cheapest home for sale in Pelham is priced at $10,724.
Living in Pelham, AL
Pelham, Alabama, is a thriving suburban community known for its excellent schools, vibrant parks, and family-oriented atmosphere. Located just south of Birmingham, Pelham offers a perfect blend of suburban tranquility with urban accessibility. Residents enjoy a variety of recreational activities and community events throughout the year.
Buyer vs Seller Market in Pelham, AL
The real estate market in Pelham has shown stability over the past year, with steady demand for single-family homes as families look to settle in the area. As more people are relocating to suburban areas post-pandemic, Pelham is becoming increasingly attractive due to its good schools, green spaces, and affordable housing options. The market has seen a significant increase in home prices, but it remains competitive, with various options available across different price ranges.
In recent months, the market has experienced slight fluctuations; however, the overall trend shows a resilience as new listings consistently come onto the market. Buyers are drawn to Pelham for its family-friendly environment and community-driven events, indicating a healthy demand for homes. As we move into the peak selling season, it's expected that the competition will increase, prompting potential sellers to list their properties.
Home Value Estimator For Pelham, AL
There are currently 8,902 real estate properties
in Pelham, AL,
with a median automated valuation model (AVM) price
of $319,953.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Pelham, 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 Pelham, AL,
is $394,864.00, with the most expensive house
in Pelham, AL, topping out
at $30,065,153.00 and the cheapest home
in Pelham, AL,
clocking in at $10,724.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Pelham, AL!
Rent Prices
In Pelham, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Pelham, AL, is on
a rollercoaster ride. The
average rent price in Pelham, AL,
is $1,440.00. Indeed, when looking to rent in
Pelham, AL, you can expect to pay as little
as $610.00 or as much
as $3,740.00,
with the average rent median estimated to
be $1,380.00. The good news is that finding
an affordable and desirable property to rent in Pelham, 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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