Photo: Rivers Langley; SaveRivers · CC BY-SA 3.045 homes sold in Lanett in the last year, at a typical $138K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Lanett homes are listed.
Every place Lanett homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Lanett.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 98% of Lanett’s sales, at a typical $139K
45 homes sold in the year to May 2026.
typical sale · 44 sold in 12 months
- Per square foot
- $85AL $155
- Days to sell
- 43
- Sold over asking
- 16%
- Listings with a price cut
- 19%
Multi-family (2–4 units): 1 sold, typical $175K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 2.5 times the 2016 price
45 sales in the last year, against 68 in 2022 and a low of 29 in 2012. The typical sale went from $55K in 2016 to $138K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $150K buys in Lanett
Check a listing against what Lanett homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Lanett are back to pre-pandemic levels, but 57% fewer homes come up for sale
We read every month of Lanett’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 45 sales.
If you’re buying in Lanett
- Shop in May. It brings about 7 new listings a month, close to the busiest month, with fewer bidding wars (15% over asking).
- Offer under asking. Buyers paid 91.5% of the list price on average; 16% paid over.
- You’ll usually have time. Only 21% of homes go under contract within two weeks; the typical one takes 42 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 8 a month), but August is the most competitive: 36% of August sales close over asking. March has the least competition (12%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Alabama as a whole
| Lanett now | 2017–19 | 2021 peak | AL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 16% | 17% | 25% | 17% |
| Gone within two weeksShare of homes under contract within 14 days | 21% | 2% | 0% | 26% |
| Listings with a price cutShare of homes for sale that cut their price | 19% | — | — | 23% |
| Price paid vs. askingAverage sale price ÷ list price | 91.5% | 93.5% | 97.2% | 97.4% |
| Days to sellMedian days from listing to contract | 42 | 161 | 96 | 66 |
15 homes for sale on a typical day
That’s 1.2 times the 2024 low (13), 57% fewer than in 2017–19 and well under 2018’s 38.
1 in 5 listings has cut its price
19% in the last year, against — in 2017–19 and 23% across Alabama.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Lanett home costs about $774 a month
Price: Lanett’s typical sale, last 12 months. Property tax at Lanett’s 0.5% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Lanett is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. November has the fewest, about 4.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $138K home, about $650 a year.
Taxes vs. neighborsSchools
The schools grade for Lanett, from test results, graduation and how much students grow.
Schools in LanettCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Valley, West Point, LaGrange, Opelika, Smiths Station and Auburn for far more
The busier markets within 25 miles of Lanett, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Auburn | 1,251 | $419K | $207 | 12% | 47 |
| Opelika | 696 | $330K | $173 | 15% | 69 |
| LaGrange | 320 | $244K | $148 | 11% | 74 |
| Valley | 146 | $218K | $136 | 27% | 66 |
| Smiths Station | 81 | $304K | $156 | 20% | 51 |
| West Point | 47 | $262K | $138 | 23% | 85 |
| Lanett | 45 | $138K | $82 | 16% | 42 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Lanett, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lanett. People who follow the town see it, and so do people comparing Lanett with their own town. No commission, no listing fee.
Questions about buying a home in Lanett
What do homes sell for in Lanett, AL?
45 homes sold in the year to May 2026 at a typical $138K, $82 a square foot.
Is Lanett a buyer’s or seller’s market?
A buyer’s market: 19 homes were for sale in May 2026 and 2 sold, about 9.5 months of supply. Buyers paid 91.5% of asking on average, and 19% of listings cut their price.
When is the best time to buy in Lanett?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Lanett?
About 0.5% of a home’s value a year. On a $138K home that’s near $650.
Where can I see homes for sale in Lanett?
Zillow, Redfin, Realtor.com and Homes.com all carry Lanett’s MLS listings; the search links above open each one filtered to Lanett.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).