Is Millbrook, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Millbrook has remained a Seller's Market.
Key Takeaway
Millbrook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Millbrook, AL
How much do homes in Millbrook, AL cost?
Median Sold Price
$235,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Millbrook have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Millbrook was $235,000 in April 2024, up 10.6% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $130K | $136.4K | +5.0% |
| 3 Bedrooms | $198K | $199.9K | +1.0% |
| 4 Bedrooms | $264.4K | $274.2K | +3.7% |
| 5+ Bedrooms | $344.9K | $410K | +18.8% |
Summary: Millbrook housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 18.8%.
Median Sold Price Compared To Nearby Cities
| Elmore | $180K | $239.8K | +33.3% |
| Prattville | $232.8K | $260.6K | +12.0% |
| Millbrook | $212.5K | $235K | +10.6% |
| Deatsville | $293K | $280K | -4.4% |
Housing Supply in Millbrook, AL
How many homes are available in Millbrook, AL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 79 | 82 | +3.8% |
Summary: The Millbrook real estate market had 82 homes for sale in April 2024, a 3.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 37 | 37 | 0.0% |
| 4 Bedrooms | 32 | 34 | +6.3% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Millbrook housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 25 | +19.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millbrook, expect to pay close to the asking price. 56% of homes here sold near the asking price last month.
Summary: A total of 25 homes were sold or pending in Millbrook in April 2024, up by 19.0% month-over-month. Of the 25 sold homes, 24% were sold under asking, 56% were sold at asking, and 20% were sold over asking.
Days on Market for Millbrook, AL
How long does it take to sell a home in Millbrook, AL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 49 Days | -10.9% |
Summary: Homes in Millbrook had an average of 49 days on market in Apr 2024, down by 10.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Millbrook has remained consistent over time.
Summary: During April 2024, 25 homes were sold in Millbrook; 28% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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