$2,493 Closing Credit*
$209,900
1,755 SqFt
3 Beds
•2 Full Baths
Amee Carr, Listing Office: RE/MAX Cornerstone Plus
Is Millbrook, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$246,666
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,666(+7.2%)
Key Takeaway
Homes in Millbrook have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Millbrook was $246,666 in November 2024, up 7.2% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $135K | $139.9K | +3.6% |
| 3 Bedrooms | $199.9K | $221K | +10.6% |
| 4 Bedrooms | $293.5K | $279.1K | -4.9% |
| 5+ Bedrooms | $330K | $416.9K | +26.3% |
Summary: Millbrook housing prices by bedroom type for November 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 10.6%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 26.3%.
Median Sold Price Compared To Nearby Cities
| Millbrook | $230K | $246.6K | +7.2% |
| Prattville | $257.5K | $273.7K | +6.3% |
| Elmore | $234K | $243.9K | +4.3% |
| Deatsville | $289.9K | $282.5K | -2.6% |
Housing Supply in Millbrook, AL
How many homes are available in Millbrook, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 60 | -10.4% |
Summary: The Millbrook real estate market had 60 homes for sale in November 2024, a 10.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 44 | 39 | -11.4% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Millbrook housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millbrook, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Millbrook in November 2024, down by 26.3% month-over-month. Of the 14 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 42 Days | +2.6% |
Summary: Homes in Millbrook had an average of 42 days on market in Nov 2024, up by 2.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Millbrook are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Millbrook; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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