Bay Minette, AL Home Values & Market Trends
Real estate market trends reflect that there have been 244 transactions over the past year in Bay Minette. The median value for residential home transactions that occurred over the previous year is $221,802.65. The number of current listings in Bay Minette is 24, and the percentage of properties for sale in the city is 24.00%. Bay Minette, AL currently has 11 properties in foreclosure, 4 bank owned properties, 7 properties headed for auction, and 24 properties for sale.
Bay Minette, AL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 36507 | $ 273,379 $ 141/sqft |
Housing Market Summary for Bay Minette, AL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $257K | $227.9K | -11.33% |
| Median Sold Price | $210K | $227.9K | 8.52% |
| Homes For Sale | 13 | 23 | 76.92% |
| Homes Sold | 157 | 131 | -16.56% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Bay Minette, AL
Browse Homes in Bay Minette, AL
Bay Minette home values range from $24,288 to $4,846,388. The median estimated value of a home in Bay Minette is $221,802.65. The median list price of a home is 287,450, and the total count of properties in the city is 7,099.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Bay Minette, AL with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Bay Minette, AL; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Bay Minette, AL ranges from the highest value of $216,435 in 36507 to the lowest value of $173,312 in 36507. Bank owned homes and properties account for 0.06% of properties in Bay Minette, AL. There is 1 zips within Bay Minette, AL; 36507 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions36507 has 7 auction properties, the highest number of properties going to auction in a single zip in the state of Bay Minette, AL. Auction homes and other auction properties account for 0.10% of all properties in Bay Minette, AL. There is 1 zips within Bay Minette, AL; of that zips, the median estimated home value for homes going to auction ranges from $495,000 in 36507 to the lowest value of $181,146 in 36507.
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More Real Estate Resources for Bay Minette, AL
Guide for Bay Minette, AL
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Information on foreclosure financing, refinancing, and foreclosure mortgages.