Arab, AL Home Values & Market Trends
Real estate market trends reflect that there have been 285 transactions over the past year in Arab. The median value for residential home transactions that occurred over the previous year is $227,592.75. The number of current listings in Arab is 51, and the percentage of properties for sale in the city is 51.00%. Arab, AL currently has 7 properties in foreclosure, 1 bank owned properties, 6 properties headed for auction, and 51 properties for sale.
Arab, AL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 35016 | $ 281,274 $ 136/sqft |
Housing Market Summary for Arab, AL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $289K | $221.8K | -23.24% |
| Median Sold Price | $206K | $221.8K | 7.70% |
| Homes For Sale | 5 | 38 | 660.00% |
| Homes Sold | 162 | 83 | -48.77% |
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 Arab, AL
Browse Homes in Arab, AL
Arab home values range from $21,854 to $10,396,490. The median estimated value of a home in Arab is $227,592.75. The median list price of a home is 299,000, and the total count of properties in the city is 6,528.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Arab, 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 Arab, 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 Arab, AL ranges from the highest value of $137,622 in 35016 to the lowest value of $137,622 in 35016. Bank owned homes and properties account for 0.02% of properties in Arab, AL. There is 1 zips within Arab, AL; 35016 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions35016 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Arab, AL. Auction homes and other auction properties account for 0.09% of all properties in Arab, AL. There is 1 zips within Arab, AL; of that zips, the median estimated home value for homes going to auction ranges from $296,879 in 35016 to the lowest value of $74,170 in 35016.
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More Real Estate Resources for Arab, AL
Guide for Arab, AL
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Information on foreclosure financing, refinancing, and foreclosure mortgages.