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Foreclosures in Pelham, AL

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Pelham, AL Foreclosures

How much do homes sell for in Pelham, AL?
The average home price is currently $345,672.
In Pelham, AL, how many homes are available?
There are currently 6 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 $4,583,390.
What is currently the cheapest priced home in Pelham, AL?
The cheapest home for sale in Pelham is priced at $10,813.

Living in Pelham, AL

Pelham, Alabama is a vibrant suburban city located in Shelby County, just south of the bustling city of Birmingham. Known for its family-friendly atmosphere, Pelham offers a blend of small-town charm with easy access to urban amenities. With beautiful parks, diverse dining options, and a strong sense of community, Pelham is an ideal place for both families and professionals looking for a welcoming environment.

Current Market Conditions in Pelham, AL

The real estate market in Pelham is currently experiencing steady growth, driven by the area’s affordability and quality of life. Single-family homes are in high demand, and the inventory is tightening, leading to increased prices in recent months.

Investors are recognizing the potential in the Pelham market, with a mix of established neighborhoods and new developments. This combination offers opportunities for both rental investments and personal residences.

Home Value Estimator For Pelham, AL

There are currently 7,724 real estate properties in Pelham, AL, with a median automated valuation model (AVM) price of $306,235.00. 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 $345,672.00, with the most expensive house in Pelham, AL, topping out at $4,583,390.00 and the cheapest home in Pelham, AL, clocking in at $10,813.00. 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.

Pelham, AL Foreclosures

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