Bessemer, AL Home Values & Market Trends

Real estate market trends reflect that there have been 1,257 transactions over the past year in Bessemer. The median value for residential home transactions that occurred over the previous year is $147,355.6. The number of current listings in Bessemer is 118, and the percentage of properties for sale in the city is 118.00%. Bessemer, AL currently has 43 properties in foreclosure, 9 bank owned properties, 34 properties headed for auction, and 118 properties for sale.

Bessemer, AL Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
35023

$ 168,000

$ 129/sqft

35020

$ 94,900

$ 46/sqft

35022

$ 279,000

$ 135/sqft

Housing Market Summary for Bessemer, AL

Mar 2023February 2024Change
Median Listing Price$180K$139.2K-22.64%
Median Sold Price$135.2K$139.2K3.01%
Homes For Sale7511857.33%
Homes Sold570526-7.72%
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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%.

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Browse Homes in Bessemer, AL

Bessemer home values range from $16,274 to $7,467,147. The median estimated value of a home in Bessemer is $147,355.6. The median list price of a home is 202,000, and the total count of properties in the city is 24,651.

Foreclosure
There are 3 zips within Bessemer, AL; within these zips, the median estimated home value for homes in foreclosure ranges from $728,199 in 35020 to the lowest value of $34,169 in 35020. Foreclosure homes account for 0.00% of properties in Bessemer, AL with 35020 containing 19 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Bessemer, AL with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Bessemer, AL; of those 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 Owned
    The median estimated home value of bank owned homes (REO properties) in Bessemer, AL ranges from the highest value of $728,199 in 35022 to the lowest value of $34,169 in 35020. Bank owned homes and properties account for 0.04% of properties in Bessemer, AL. There are 3 zips within Bessemer, AL; 35022 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    35020 has 16 auction properties, the highest number of properties going to auction in a single zip in the state of Bessemer, AL. Auction homes and other auction properties account for 0.14% of all properties in Bessemer, AL. There are 3 zips within Bessemer, AL; of those zips, the median estimated home value for homes going to auction ranges from $301,579 in 35022 to the lowest value of $35,387 in 35022.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.48% of residential properties in Bessemer, AL with 35023 containing 68 homes for sale, the highest number of listed properties in a single zip. There are 3 zips within Bessemer, AL; homes for sale in those zips, have a range of median values from $475,900 in 35022 to the lowest value of $31,955 in 35020.
    Sold Homes
    The median value for recently sold homes ranges from $616,121 in 35022 to the lowest price of $13,669 in 35022. There are 3 zips within Bessemer, AL. 35023 has 251 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.30% of properties in Bessemer, AL.

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      Guide for Bessemer, AL

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      See More Articles
      Federal Eviction Ban Overturned. Here’s Why
      Home Buying Tools|posted 5 June 2021

      Last month we asked if it was possible that eviction moratoriums from the federal government were illegal. “If you’re a real estate investor with rental properties you depend on monthly rental payments to cover the mortgage, taxes, repairs, and other costs. But what happens if the government says, nope, you can’t evict tenants who don’t […]

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      Looking to buy a house wholesale? Discover 4 essential tips to navigate the wholesale real estate market successfully.

      A new home
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      Learn about the key factors to consider when determining how much to spend on your first home.

      Oakland Real Estate Market Experiences Cooling Trend After 2023 Peak: Overview & Analysis
      California|posted 6 March 2024

      Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.