Is Brownsboro, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brownsboro is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Brownsboro was a Seller's Market.

Key Takeaway

Brownsboro 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 Brownsboro, AL

How much do homes in Brownsboro, AL cost?

Median Sold Price

$622,500

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$22,600(+3.8%)

Key Takeaway

Homes in Brownsboro have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Brownsboro was $622,500 in September 2024, up 3.8% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $385.7K$405K
+5.0%
3 $420K$465K
+10.7%
4 $638.3K$667.4K
+4.6%
5+ $930K$946.1K
+1.7%

Summary: Brownsboro housing prices by bedroom type for September 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 10.7%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Cities

Brownsboro
+3.8%
New Market
+3.2%
Huntsville
-0.9%

Housing Supply in Brownsboro, AL

How many homes are available in Brownsboro, AL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4248+14.3%

Summary: The Brownsboro real estate market had 48 homes for sale in September 2024, a 14.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 710
+42.9%
4 2325
+8.7%
5+ 1112
+9.1%

Summary: The Brownsboro housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brownsboro, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Brownsboro in September 2024, up by 100.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Brownsboro, AL

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

Newest Listings in Brownsboro, AL

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