Real Estate price guide
What real estate actually sell for at government surplus auctions.
- Average price
- $93,717
- Median price
- $18,000
- Typical price
- $3,600 to $107,900
- Items sold
- 2,845
Average price by source
Which auction sites have the cheapest real estate?
| Source | Average | Sold |
|---|---|---|
| Municibid | $1,500 | 1 |
| PurpleWave | $6,661 | 4 |
| MNBID | $12,821 | 49 |
| GovDeals | $15,843 | 1,129 |
| GSA | $20,876 | 16 |
| WI Surplus | $20,906 | 45 |
| HiBid | $24,400 | 110 |
| PublicSurplus | $30,222 | 371 |
| Auction Net | $104,879 | 14 |
| Auction.com | $153,809 | 6 |
| Hubzu | $209,564 | 1,100 |
Average price by state
Where are real estate cheapest?
| State | Average | Sold |
|---|---|---|
| Utah | $4,828 | 18 |
| Montana | $8,223 | 14 |
| South Dakota | $11,937 | 5 |
| North Dakota | $15,507 | 5 |
| Pennsylvania | $19,365 | 835 |
| Alaska | $23,952 | 13 |
| Minnesota | $33,641 | 348 |
| Wisconsin | $38,142 | 54 |
| Arkansas | $42,750 | 41 |
| Tennessee | $47,628 | 58 |
| Iowa | $49,198 | 11 |
| West Virginia | $49,298 | 10 |
| Kentucky | $53,485 | 28 |
| Ohio | $60,098 | 80 |
| Missouri | $67,380 | 31 |
| Idaho | $67,563 | 19 |
| South Carolina | $68,058 | 34 |
| Wyoming | $68,891 | 6 |
| North Carolina | $75,787 | 49 |
| Mississippi | $76,338 | 14 |
Frequently asked questions
How much do real estate sell for at government auctions?
Based on 2,845 completed sales tracked by BidProwl, real estate typically sell for a median of $18,000, and half of them sell between $3,600 and $107,900.
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 $1,500.
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 $18,000 median sold price before bidding, and factor in the buyer's premium and pickup costs.