$652 Closing Credit*
$54,900
825 SqFt
2 Beds
•1 Full Bath
Trey Sippial, Listing Office: River Region Realty Group LLC
Is Millbrook, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$246,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,500(+8.1%)
Key Takeaway
Homes in Millbrook have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Millbrook was $246,000 in October 2024, up 8.1% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $135K | $139.9K | +3.6% |
| 3 Bedrooms | $199.9K | $217K | +8.5% |
| 4 Bedrooms | $292.5K | $278.3K | -4.8% |
| 5+ Bedrooms | $320K | $438.9K | +37.2% |
Summary: Millbrook housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 37.2%.
Median Sold Price Compared To Nearby Cities
| Elmore | $207K | $243.9K | +17.8% |
| Millbrook | $227.5K | $246K | +8.1% |
| Prattville | $256.4K | $272.6K | +6.3% |
| Deatsville | $289.9K | $280K | -3.4% |
Housing Supply in Millbrook, AL
How many homes are available in Millbrook, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 70 | 68 | -2.9% |
Summary: The Millbrook real estate market had 68 homes for sale in October 2024, a 2.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 42 | 45 | +7.1% |
| 4 Bedrooms | 24 | 16 | -33.3% |
| 5+ Bedrooms | 2 | 7 | +250.0% |
Summary: The Millbrook housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 250%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millbrook, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Millbrook in October 2024, down by 24.0% month-over-month. Of the 19 sold homes, 42% were sold under asking, 32% were sold at asking, and 26% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 34 Days | -19.3% |
Summary: Homes in Millbrook had an average of 34 days on market in Oct 2024, down by 19.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
11 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 October 2024, 19 homes were sold in Millbrook; 42% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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