Bessemer, AL Real Estate & Property Data

Bessemer Real Estate Market Trends
Last Updated: March 19, 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 1,353 residential properties have been sold in Bessemer, AL over the past year, with a median home price of $180,000 and 20 foreclosure filings. Additionally, the 2022 effective property tax rate in Bessemer is 0.66%. To find more detailed property data for Bessemer, Alabama, look no further than ATTOM.

Bessemer Real Estate Market Trends
Total Residential Properties 27,185
Total Commercial Properties 9,649
Avg. Home Age (Single Family Home) 56 Years
Avg. Square Feet (Single Family Home) 1,476
Total 2024 Residential Sales (year-to-date) 111
% of Homes Seriously Underwater (Q1 2024) 4.16%
Total 2023 Residential Sales 1,242
% of Equity Rich Homes (Q1 2024) 18.71%
Effective 2023 Property Tax 0.66%
Total Foreclosure Filings (year-to-date) 20
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Bessemer, AL Real Estate Overview

A total of 1,353 residential properties have been sold in Bessemer, AL over the past year, with a median home price of $122,457. There are currently 27,185 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
$180,000
(Jan 2024)
+1.8%
year-over-year
y-o-y
  • 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
  • February '23 Feb '23 $231,500
Median Down Payment i
$12,050
(Jan 2024)
-37.4%
year-over-year
y-o-y
  • 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
  • February '23 Feb '23 $11,825
Number of Homes Sold i
111
(Jan 2024)
+16.8%
year-over-year
y-o-y
  • 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
  • February '23 Feb '23 105
Number of Purchase Loans i
27
(Jan 2024)
-35.7%
year-over-year
y-o-y
  • 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
  • February '23 Feb '23 48
Number of REFI Loans i
82
(Jan 2024)
+95.2%
year-over-year
y-o-y
  • 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
  • February '23 Feb '23 47
Number of HELOC Loans i
  • 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
  • February '23 Feb '23 N/A

Bessemer, AL Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value

Bessemer, AL Foreclosure Activity

There were a total of 20 Bessemer, AL properties with a foreclosure filing in January 2024. Lenders started the foreclosure process on 20 Bessemer, AL properties and repossessed 2 Bessemer, AL properties through completed foreclosures (REOs) in January 2024.

Total Foreclosure Filings i
20
(Jan 2024)
+233.3%
year-over-year
y-o-y
  • 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
  • February '23 Feb '23 5
Foreclosure Starts i
20
(Jan 2024)
+233.3%
year-over-year
y-o-y
  • 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
  • February '23 Feb '23 5
Completed Foreclosures (REOs) i
2
(Jan 2024)
+100%
year-over-year
y-o-y
  • 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
  • February '23 Feb '23 N/A
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