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Fixer Upper Homes in Somerville, AL

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Somerville, AL Foreclosures

How much do homes sell for in Somerville, AL?
The average home price is currently $269,812.
In Somerville, AL, how many homes are available?
There are currently 24 active home listings available in Somerville.
What’s the average rental cost in Somerville, AL?
The average rental price in Somerville is $1,051.
What is the most expensive home in Somerville?
The most expensive home sold in Somerville had a price of $2,407,284.
What is currently the cheapest priced home in Somerville, AL?
The cheapest home for sale in Somerville is priced at $10,304.

Living in Somerville, AL

Somerville, Alabama, is a quaint and inviting town offering a peaceful lifestyle with easy access to outdoor activities and local amenities. The town features a rich history and a welcoming community, making it a perfect place for families or retirees. Explore the charm of rural living with convenient access to nearby urban areas.

Current Market Conditions in Somerville, AL

The real estate market in Somerville is relatively stable, with a mix of affordable homes suitable for first-time buyers and larger properties for families. The demand for houses has slightly increased due to the area's growing popularity among those looking for a quieter lifestyle within reach of urban areas.

Housing prices in Somerville are generally lower than the national average, making it an attractive location for investment. With steady home sales, the area is anticipated to see gradual appreciation in property values.

Home Value Estimator For Somerville, AL

There are currently 2,027 real estate properties in Somerville, AL, with a median automated valuation model (AVM) price of $237,833.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Somerville, 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 Somerville, AL, is $269,812.00, with the most expensive house in Somerville, AL, topping out at $2,407,284.00 and the cheapest home in Somerville, AL, clocking in at $10,304.00. In other words, there’s something for every potential homebuyer or savvy investor in Somerville, AL!

Rent Prices In Somerville, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Somerville, AL, is on a rollercoaster ride. The average rent price in Somerville, AL, is $1,051.00. Indeed, when looking to rent in Somerville, AL, you can expect to pay as little as $510.00 or as much as $2,140.00, with the average rent median estimated to be $1,030.00. The good news is that finding an affordable and desirable property to rent in Somerville, 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.

Somerville, AL Fixer Upper Homes

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