Eight Mile, AL Home Values & Market Trends
Real estate market trends reflect that there have been 128 transactions over the past year in Eight Mile. The median value for residential home transactions that occurred over the previous year is $131,954.98. The number of current listings in Eight Mile is 4, and the percentage of properties for sale in the city is 4.00%. Eight Mile, AL currently has 3 properties in foreclosure, 0 bank owned properties, 3 properties headed for auction, and 4 properties for sale.
Eight Mile, AL Real Estate Market Overview
Zip | Median Est. Value |
---|---|
36613 | $ 170,980 $ 99/sqft |
Housing Market Summary for Eight Mile, AL
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $107.5K | $150.4K | 39.98% |
Median Sold Price | $153.4K | $150.4K | -1.92% |
Homes For Sale | 14 | 7 | -50.00% |
Homes Sold | 81 | 63 | -22.22% |
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 Eight Mile, AL
Browse Homes in Eight Mile, AL
Eight Mile home values range from $17,782 to $935,279. The median estimated value of a home in Eight Mile is $131,954.98. The median list price of a home is 222,450, and the total count of properties in the city is 4,270.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Eight Mile, 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 Eight Mile, 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 Eight Mile, 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 Eight Mile, AL. There is 1 zips within Eight Mile, AL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions36613 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Eight Mile, AL. Auction homes and other auction properties account for 0.07% of all properties in Eight Mile, AL. There is 1 zips within Eight Mile, AL; of that zips, the median estimated home value for homes going to auction ranges from $355,766 in 36613 to the lowest value of $76,117 in 36613.
Compare Nearby Cities
More Real Estate Resources for Eight Mile, AL
Guide for Eight Mile, AL
Report of recent trends in Mobile, Alabama’s real estate market, highlighting rising property values, fluctuating sales volumes, and the variations in value and sales figures across neighboring areas as of March 2024.
Birmingham, Alabama’s real estate market is showing a positive growth trend, with increasing average property values from March 2023 to February 2024.
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 […]
When house prices increase near good school, what options do home buyer have?