Is Millbrook, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Millbrook was a Seller's Market.
Key Takeaway
Millbrook is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Millbrook, NY
How much do homes in Millbrook, NY cost?
Median Sold Price
$525,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Millbrook have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in Millbrook was $525,000 in March 2024, down 3.9% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $420K | $750K | +78.6% |
| 2 Bedrooms | $330K | $470K | +42.4% |
| 3 Bedrooms | $415K | $560K | +34.9% |
| 4 Bedrooms | $1.2M | $550.7K | -55.0% |
| 5+ Bedrooms | $1.4M | $455K | -68.6% |
Summary: Millbrook housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.6%, 2 bedroom homes increased by 42.4%, 3 bedroom homes increased by 34.9%, 4 bedroom homes decreased by 55%, and 5+ bedroom homes decreased by 68.6%.
Median Sold Price Compared To Nearby Cities
| Millbrook | $546.3K | $525K | -3.9% |
| Washington | $607.5K | $476K | -21.6% |
Housing Supply in Millbrook, NY
How many homes are available in Millbrook, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The Millbrook real estate market had 18 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Millbrook housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Millbrook, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Millbrook in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Millbrook, NY
How long does it take to sell a home in Millbrook, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 87 Days | 80 Days | -8.1% |
Summary: Homes in Millbrook had an average of 80 days on market in Mar 2024, down by 8.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Millbrook has remained consistent over time.
Summary: During March 2024, 3 homes were sold in Millbrook; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.