Real Estate price guide
What real estate actually sell for at government surplus auctions.
- Average price
- $90,361
- Median price
- $18,619
- Typical price
- $4,032 to $100,000
- Items sold
- 3,215
Average price by source
Which auction sites have the cheapest real estate?
| Source | Average | Sold |
|---|---|---|
| Municibid | $1,500 | 1 |
| PurpleWave | $2,504 | 17 |
| MNBID | $14,519 | 58 |
| GovDeals | $16,055 | 1,067 |
| WI Surplus | $19,964 | 53 |
| GSA | $20,876 | 16 |
| HiBid | $24,623 | 109 |
| PublicSurplus | $34,276 | 725 |
| Auction Net | $106,408 | 13 |
| Auction.com | $153,809 | 6 |
| Hubzu | $209,792 | 1,150 |
Average price by state
Where are real estate cheapest?
| State | Average | Sold |
|---|---|---|
| North Dakota | $5,088 | 16 |
| Utah | $5,218 | 21 |
| Montana | $7,706 | 15 |
| South Dakota | $12,048 | 6 |
| Alaska | $15,327 | 44 |
| Pennsylvania | $22,256 | 775 |
| Wisconsin | $36,263 | 62 |
| Minnesota | $37,251 | 641 |
| Iowa | $46,182 | 12 |
| Arkansas | $46,436 | 43 |
| Tennessee | $46,678 | 58 |
| West Virginia | $49,257 | 12 |
| Kentucky | $57,873 | 30 |
| Ohio | $62,522 | 82 |
| South Carolina | $65,175 | 34 |
| Missouri | $65,864 | 34 |
| Idaho | $67,563 | 19 |
| Wyoming | $68,891 | 6 |
| Washington | $74,600 | 82 |
| Mississippi | $75,483 | 14 |
Frequently asked questions
How much do real estate sell for at government auctions?
Based on 3,215 completed sales tracked by BidProwl, real estate typically sell for a median of $18,619, and half of them sell between $4,032 and $100,000.
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 $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 $18,619 median sold price before bidding, and factor in the buyer's premium and pickup costs.