Real Estate Price Guide
What real estate actually sell for at government surplus auctions.
Average Price
$86,281
Median Price
$5,800
Price Range
$1 – $2,600,000
Items Sold
1,849
Average Price by Source
Which auction sites have the cheapest real estate?
| Source | Avg Price | Sold |
|---|---|---|
| USMS | $12 | 1 |
| RitchieBros | $100 | 1 |
| govease | $551 | 89 |
| HiBid | $13,051 | 317 |
| PublicSurplus | $13,609 | 419 |
| GovDeals | $21,681 | 360 |
| Municibid | $87,633 | 3 |
| IRS | $140,827 | 4 |
| Hubzu | $205,571 | 552 |
| Auction.com | $267,364 | 103 |
Average Price by State
Where are real estate cheapest?
| State | Avg Price | Sold |
|---|---|---|
| Delaware | $110 | 1 |
| South Dakota | $1,233 | 3 |
| Idaho | $5,364 | 11 |
| Iowa | $7,764 | 66 |
| Kentucky | $13,627 | 10 |
| Arkansas | $16,499 | 26 |
| Utah | $16,819 | 11 |
| Alabama | $20,418 | 120 |
| Indiana | $21,284 | 29 |
| Arizona | $40,774 | 95 |
| Tennessee | $40,788 | 44 |
| New Mexico | $41,332 | 21 |
| Maine | $47,172 | 5 |
| West Virginia | $47,222 | 9 |
| North Carolina | $47,457 | 46 |
| Louisiana | $50,803 | 53 |
| Georgia | $51,561 | 75 |
| Mississippi | $51,668 | 19 |
| Texas | $56,319 | 52 |
| Minnesota | $57,180 | 10 |
Frequently Asked Questions
How much do real estate sell for at government auctions?
Based on 1,849 completed sales tracked by BidProwl, real estate typically sell for a median of $5,800, with prices ranging from $1 to $2,600,000.
What is the cheapest source for real estate at government auctions?
Among sources with enough sales to compare, US Marshals Service has the lowest average sold price for real estate at $12.
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 $5,800 median sold price before bidding, and factor in the buyer's premium and pickup costs.