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Bessemer, AL Real Estate & Property Data

Bessemer Real Estate Market Trends

Last Updated: April 26, 2024

To gain a better understanding of the real estate market in Bessemer, AL, it is essential to have accurate and comprehensive real estate data. ATTOM provides up-to-date real estate data for Bessemer, which is refreshed on a daily basis. Based on the latest market trends, a total of 1,396 residential properties have been sold in Bessemer, AL over the past year, with a median home price of $195,000 and 11 foreclosure filings. Additionally, the 2022 effective property tax rate in Bessemer is 0.55%. To find more detailed property data for Bessemer, Alabama, look no further than ATTOM.

Bessemer Real Estate Market Trends

Get property data for any address in Bessemer, AL or the country:

Total Residential Properties 27,187

Total Commercial Properties 9,674

Avg. Home Age (Single Family Home) 56 Years

Avg. Square Feet (Single Family Home) 1,476

Total 2024 Residential Sales (year-to-date) 249

% of Homes Seriously Underwater (Q2 2024) 1.02%

Total 2023 Residential Sales 1,242

% of Equity Rich Homes (Q2 2024) 22.93%

Effective 2023 Property Tax 0.55%

Total Foreclosure Filings (year-to-date) 31

Bessemer, AL Real Estate Overview

A total of 1,396 residential properties have been sold in Bessemer, AL over the past year, with a median home price of $148,949. There are currently 27,187 residential properties in Bessemer, AL, which can be further analyzed by looking at the 3 zip codes and 1809 streets encompassing the city.

Median Sales Price i

$195,000

(Feb 2024)

-15.8%

year-over-year

y-o-y

February '24 Feb '24 $195,000
January '24 Jan '24 $180,000
December '23 Dec '23 $137,000
November '23 Nov '23 $198,000
October '23 Oct '23 $143,500
September '23 Sep '23 $179,000
August '23 Aug '23 $225,000
July '23 Jul '23 $203,398
June '23 Jun '23 $186,250
May '23 May '23 $175,000
April '23 Apr '23 $176,850
March '23 Mar '23 $169,950

Median Down Payment i

$20,984

(Feb 2024)

+77.5%

year-over-year

y-o-y

February '24 Feb '24 $20,984
January '24 Jan '24 $12,050
December '23 Dec '23 $4,845
November '23 Nov '23 $7,840
October '23 Oct '23 $7,216
September '23 Sep '23 $8,340
August '23 Aug '23 $13,714
July '23 Jul '23 $13,935
June '23 Jun '23 $6,457
May '23 May '23 $14,315
April '23 Apr '23 $8,844
March '23 Mar '23 $8,151

Number of Homes Sold i

138

(Feb 2024)

+31.4%

year-over-year

y-o-y

February '24 Feb '24 138
January '24 Jan '24 111
December '23 Dec '23 89
November '23 Nov '23 90
October '23 Oct '23 103
September '23 Sep '23 99
August '23 Aug '23 124
July '23 Jul '23 92
June '23 Jun '23 110
May '23 May '23 102
April '23 Apr '23 97
March '23 Mar '23 136

Number of Purchase Loans i

27

(Feb 2024)

-43.8%

year-over-year

y-o-y

February '24 Feb '24 27
January '24 Jan '24 27
December '23 Dec '23 24
November '23 Nov '23 24
October '23 Oct '23 43
September '23 Sep '23 51
August '23 Aug '23 73
July '23 Jul '23 57
June '23 Jun '23 46
May '23 May '23 61
April '23 Apr '23 46
March '23 Mar '23 61

Number of REFI Loans i

90

(Feb 2024)

+91.5%

year-over-year

y-o-y

February '24 Feb '24 90
January '24 Jan '24 82
December '23 Dec '23 50
November '23 Nov '23 78
October '23 Oct '23 62
September '23 Sep '23 42
August '23 Aug '23 67
July '23 Jul '23 39
June '23 Jun '23 58
May '23 May '23 62
April '23 Apr '23 54
March '23 Mar '23 55

Number of HELOC Loans i

1

(Feb 2024)

February '24 Feb '24 1
January '24 Jan '24 N/A
December '23 Dec '23 N/A
November '23 Nov '23 1
October '23 Oct '23 N/A
September '23 Sep '23 N/A
August '23 Aug '23 N/A
July '23 Jul '23 1
June '23 Jun '23 1
May '23 May '23 N/A
April '23 Apr '23 2
March '23 Mar '23 2

Bessemer, AL Real Estate Market Overview

Last 30 days

Zip
Median Est. Value
Zip
Median Est. Value
Zip
Median Est. Value

35020
$148,949 $100.93/sqft
35022
$245,089 $140.37/sqft
35023
$169,118 $115.26/sqft

Bessemer, AL Foreclosure Activity

There were a total of 11 Bessemer, AL properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

11

(Feb 2024)

+120%

year-over-year

y-o-y

February '24 Feb '24 11
January '24 Jan '24 20
December '23 Dec '23 8
November '23 Nov '23 12
October '23 Oct '23 13
September '23 Sep '23 15
August '23 Aug '23 13
July '23 Jul '23 9
June '23 Jun '23 10
May '23 May '23 3
April '23 Apr '23 8
March '23 Mar '23 10

Foreclosure Starts i

11

(Feb 2024)

+120%

year-over-year

y-o-y

February '24 Feb '24 11
January '24 Jan '24 20
December '23 Dec '23 8
November '23 Nov '23 12
October '23 Oct '23 13
September '23 Sep '23 15
August '23 Aug '23 13
July '23 Jul '23 9
June '23 Jun '23 10
May '23 May '23 3
April '23 Apr '23 8
March '23 Mar '23 10

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 2
December '23 Dec '23 N/A
November '23 Nov '23 1
October '23 Oct '23 6
September '23 Sep '23 3
August '23 Aug '23 3
July '23 Jul '23 1
June '23 Jun '23 9
May '23 May '23 4
April '23 Apr '23 1
March '23 Mar '23 N/A

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