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Foreclosure Auction 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 $274,209.
In Somerville, AL, how many homes are available?
There are currently 1 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 $3,423,548.
What is currently the cheapest priced home in Somerville, AL?
The cheapest home for sale in Somerville is priced at $10,046.

Living in Somerville, AL

Somerville, Alabama is a quaint and charming small town that offers a relaxed lifestyle supported by a friendly community. Located near beautiful lakes and parks, it provides plenty of outdoor activities for nature lovers. With schools that emphasize quality education and easy access to larger cities, Somerville is perfect for families looking to balance peaceful living with suburban conveniences.

Current Market Conditions in Somerville, AL

The Somerville real estate market is currently experiencing a steady growth trend, characterized by increasing home values and a high demand for family homes. As more individuals and families seek to escape the hustle of nearby urban centers, the quaint nature of Somerville makes it an attractive prospect, leading to competitive sales in the area.

With the influx of new residents, the market is seeing a mix of new construction and historic home sales, catering to diverse preferences among buyers. Investors are taking notice of this growth, as the area promotes long-term appreciation and investment opportunities.

Home Value Estimator For Somerville, AL

There are currently 2,235 real estate properties in Somerville, AL, with a median automated valuation model (AVM) price of $240,554.00. 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 $274,209.00, with the most expensive house in Somerville, AL, topping out at $3,423,548.00 and the cheapest home in Somerville, AL, clocking in at $10,046.00. 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 Foreclosure Auction Homes


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