Bessemer, AL Home Values & Market Trends
Real estate market trends reflect that there have been 1,271 transactions over the past year in Bessemer. The median value for residential home transactions that occurred over the previous year is $148,938.83. The number of current listings in Bessemer is 125, and the percentage of properties for sale in the city is 125.00%. Bessemer, AL currently has 59 properties in foreclosure, 12 bank owned properties, 47 properties headed for auction, and 125 properties for sale.
Bessemer, AL Real Estate Market Overview
Housing Market Summary for Bessemer, AL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $181K | $115.5K | -36.17% |
| Median Sold Price | $147.4K | $115.5K | -21.64% |
| Homes For Sale | 82 | 121 | 47.56% |
| Homes Sold | 544 | 553 | 1.65% |
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 Bessemer, AL
Browse Homes in Bessemer, AL
Bessemer home values range from $11,315 to $8,094,933. The median estimated value of a home in Bessemer is $148,938.83. The median list price of a home is 195,000, and the total count of properties in the city is 24,312.
- Pre-ForeclosurePre-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 OwnedThe median estimated home value of bank owned homes (REO properties) in Bessemer, AL ranges from the highest value of $738,529 in 35022 to the lowest value of $30,525 in 35020. Bank owned homes and properties account for 0.05% of properties in Bessemer, AL. There are 3 zips within Bessemer, AL; 35022 containing 5 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions35020 has 17 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 0.19% 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 $275,115 in 35022 to the lowest value of $36,847 in 35022.
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More Real Estate Resources for Bessemer, AL
Guide for Bessemer, AL
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Learn how a short sale can stop the foreclosure process.
