Real Estate Price Guide
What real estate actually sell for at government surplus auctions.
Average Price
$99,812
Median Price
$19,500
Price Range
$1 – $2,230,000
Items Sold
2,068
Average Price by Source
Which auction sites have the cheapest real estate?
| Source | Avg Price | Sold |
|---|---|---|
| Municibid | $113 | 4 |
| WI Surplus | $1,393 | 11 |
| MNBID | $13,432 | 3 |
| GovDeals | $15,376 | 895 |
| GSA | $20,203 | 16 |
| PublicSurplus | $25,909 | 157 |
| HiBid | $49,815 | 85 |
| Auction Net | $73,700 | 9 |
| IRS | $148,125 | 1 |
| Hubzu | $204,832 | 855 |
| Auction.com | $250,777 | 32 |
Average Price by State
Where are real estate cheapest?
| State | Avg Price | Sold |
|---|---|---|
| South Dakota | $2,025 | 1 |
| Pennsylvania | $19,498 | 736 |
| Alaska | $21,899 | 3 |
| Mississippi | $40,832 | 13 |
| Arkansas | $41,338 | 25 |
| Minnesota | $41,973 | 76 |
| West Virginia | $47,056 | 9 |
| Tennessee | $54,550 | 44 |
| Ohio | $56,348 | 76 |
| Kentucky | $56,974 | 24 |
| North Dakota | $60,344 | 2 |
| Alabama | $60,721 | 30 |
| Iowa | $61,186 | 7 |
| New Mexico | $61,967 | 26 |
| Wisconsin | $62,638 | 22 |
| Washington | $73,848 | 36 |
| South Carolina | $82,942 | 22 |
| Louisiana | $84,661 | 24 |
| North Carolina | $88,201 | 32 |
| Missouri | $89,293 | 29 |
Frequently Asked Questions
How much do real estate sell for at government auctions?
Based on 2,068 completed sales tracked by BidProwl, real estate typically sell for a median of $19,500, 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 $19,500 median sold price before bidding, and factor in the buyer's premium and pickup costs.