Opelika, AL Home Values & Market Trends

Real estate market trends reflect that there have been 2 transactions over the past year in Opelika. The median value for residential home transactions that occurred over the previous year is $266,870.11. The number of current listings in Opelika is 74, and the percentage of properties for sale in the city is 74.00%. Opelika, AL currently has 7 properties in foreclosure, 0 bank owned properties, 7 properties headed for auction, and 74 properties for sale.

Opelika, AL Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
36801

$ 359,500

$ 171/sqft

36804

$ 369,000

$ 168/sqft

Housing Market Summary for Opelika, AL

Mar 2023February 2024Change
Median Listing Price$385K$230K-40.25%
Median Sold Price$200.6K$230K14.70%
Homes For Sale457566.67%
Homes Sold2350.00%
Price
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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 Opelika, AL

Opelika home values range from $12,020 to $8,403,940. The median estimated value of a home in Opelika is $266,870.11. The median list price of a home is 357,250, and the total count of properties in the city is 14,672.

Foreclosure
There are 2 zips within Opelika, AL; within these zips, the median estimated home value for homes in foreclosure ranges from $199,550 in 36801 to the lowest value of $79,291 in 36801. Foreclosure homes account for 0.00% of properties in Opelika, AL with 36804 containing 4 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Opelika, AL with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Opelika, 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 Opelika, AL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Opelika, AL. There are 2 zips within Opelika, AL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    36804 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Opelika, AL. Auction homes and other auction properties account for 0.05% of all properties in Opelika, AL. There are 2 zips within Opelika, AL; of those zips, the median estimated home value for homes going to auction ranges from $199,550 in 36804 to the lowest value of $79,291 in 36804.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.50% of residential properties in Opelika, AL with 36801 containing 42 homes for sale, the highest number of listed properties in a single zip. There are 2 zips within Opelika, AL; homes for sale in those zips, have a range of median values from $1,100,000 in 36804 to the lowest value of $62,111 in 36801.
    Sold Homes
    The median value for recently sold homes ranges from $247,452 in 36801 to the lowest price of $247,452 in 36801. There are 2 zips within Opelika, AL. 36801 has 2 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 0.01% of properties in Opelika, AL.

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      Guide for Opelika, AL

      Home Buying Tools
      Federal Eviction Ban Overturned. Here’s Why
      Wholesale
      4 Tips on How To Buy a House Wholesale
      A new home
      Home Buying Financing
      How Much Should You Spend On Your First Home?
      California
      Oakland Real Estate Market Experiences Cooling Trend After 2023 Peak: Overview & Analysis
      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 […]

      4 Tips on How To Buy a House Wholesale
      Wholesale|posted 8 March 2024

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

      A new home
      How Much Should You Spend On Your First Home?
      Home Buying Financing|posted 6 March 2024

      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.

      Recently Listed Homes Opelika, AL

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