Real Estate Price Guide
What real estate actually sell for at government surplus auctions.
Average Price
$106,170
Median Price
$24,800
Price Range
$1 – $2,230,000
Items Sold
1,699
Average Price by Source
Which auction sites have the cheapest real estate?
| Source | Avg Price | Sold |
|---|---|---|
| Municibid | $113 | 4 |
| WI Surplus | $1,532 | 10 |
| GovDeals | $17,995 | 659 |
| GSA | $20,203 | 16 |
| PublicSurplus | $28,170 | 127 |
| HiBid | $37,262 | 88 |
| Auction Net | $72,913 | 8 |
| IRS | $143,518 | 3 |
| Hubzu | $201,687 | 747 |
| Auction.com | $260,937 | 37 |
Average Price by State
Where are real estate cheapest?
| State | Avg Price | Sold |
|---|---|---|
| South Dakota | $2,025 | 1 |
| Pennsylvania | $21,943 | 515 |
| Arkansas | $35,906 | 25 |
| West Virginia | $40,750 | 6 |
| Kentucky | $42,168 | 20 |
| Mississippi | $46,178 | 13 |
| Tennessee | $49,231 | 40 |
| Wisconsin | $56,628 | 21 |
| Ohio | $57,143 | 67 |
| Minnesota | $59,217 | 43 |
| North Dakota | $60,344 | 2 |
| Iowa | $60,405 | 7 |
| Washington | $64,236 | 34 |
| New Mexico | $76,915 | 24 |
| New Hampshire | $77,000 | 1 |
| Louisiana | $78,548 | 22 |
| Indiana | $88,958 | 10 |
| South Carolina | $89,954 | 24 |
| Delaware | $91,000 | 1 |
| Michigan | $93,317 | 25 |
Frequently Asked Questions
How much do real estate sell for at government auctions?
Based on 1,699 completed sales tracked by BidProwl, real estate typically sell for a median of $24,800, with prices ranging from $1 to $2,230,000.
What is the cheapest source for real estate at government auctions?
Among sources with enough sales to compare, Municibid has the lowest average sold price for real estate at $113.
Are real estate at government auctions a good deal?
Government surplus real estate often sell below retail because agencies must clear inventory. Compare the current bid against the $24,800 median sold price before bidding, and factor in the buyer's premium and pickup costs.