Arab, AL Home Values & Market Trends

Real estate market trends reflect that there have been 216 transactions over the past year in Arab. The median value for residential home transactions that occurred over the previous year is $216,397.2. The number of current listings in Arab is 45, and the percentage of properties for sale in the city is 45.00%. Arab, AL currently has 6 properties in foreclosure, 2 bank owned properties, 4 properties headed for auction, and 45 properties for sale.

Arab, AL Real Estate Market Overview

ZipMedian Est. Value
35016

$ 312,892

$ 149/sqft

Housing Market Summary for Arab, AL

Mar 2023February 2024Change
Median Listing Price$379.9K$212.2K-44.14%
Median Sold Price$201.4K$212.2K5.38%
Homes For Sale3451400.00%
Homes Sold17260-65.12%
Price
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Homes For Sale
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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 Arab, AL

Arab home values range from $20,852 to $9,469,920. The median estimated value of a home in Arab is $216,397.2. The median list price of a home is 349,000, and the total count of properties in the city is 6,535.

Foreclosure
There is 1 zips within Arab, AL; within this zips, the median estimated home value for homes in foreclosure ranges from $322,300 in 35016 to the lowest value of $39,900 in 35016. Foreclosure homes account for 0.00% of properties in Arab, AL with 35016 containing 6 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-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 Owned
    The median estimated home value of bank owned homes (REO properties) in Arab, AL ranges from the highest value of $125,371 in 35016 to the lowest value of $39,900 in 35016. Bank owned homes and properties account for 0.03% of properties in Arab, AL. There is 1 zips within Arab, AL; 35016 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    35016 has 4 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 0.06% 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 $322,300 in 35016 to the lowest value of $100,208 in 35016.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.69% of residential properties in Arab, AL with 35016 containing 45 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Arab, AL; homes for sale in that zips, have a range of median values from $935,000 in 35016 to the lowest value of $79,700 in 35016.
    Sold Homes
    The median value for recently sold homes ranges from $723,744 in 35016 to the lowest price of $32,430 in 35016. There is 1 zips within Arab, AL. 35016 has 81 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.24% of properties in Arab, AL.

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      Guide for Arab, AL

      Home Buying Tools
      Federal Eviction Ban Overturned. Here’s Why
      Buy to Rent
      How To Choose The Right Property Management Tool
      Buy to Rent
      6 Tips For Dealing With Difficult Tenants
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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 […]

      How To Choose The Right Property Management Tool
      Buy to Rent|posted 5 March 2024

      Learn how to select the perfect property management tool for your real estate business.

      6 Tips For Dealing With Difficult Tenants
      Buy to Rent|posted 5 March 2024

      Discover 6 practical tips to effectively handle challenging tenants and maintain a harmonious landlord-tenant relationship.

      Madison Wisconsin Real Estate Market Report – Mar 2024
      Market Reports|posted 4 March 2024

      Madison’s real estate market continues to robustness, with varied trends across different market segments.

      Recently Listed Homes Arab, AL

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