Is Mountain Brook, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mountain Brook is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Mountain Brook has remained a Seller's Market.

Key Takeaway

Mountain Brook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mountain Brook, AL

How much do homes in Mountain Brook, AL cost?

Median Sold Price

$839,000

$297/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$79,000(+10.4%)

Key Takeaway

Homes in Mountain Brook have sold for 10.4% more than they did a month ago.

Summary: The median home sold price in Mountain Brook was $839,000 in September 2024, up 10.4% from last month, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $280K-
N/A
3 $875K$839K
-4.1%
4 $760K$789K
+3.8%
5+ -$1.2M
N/A

Summary: Mountain Brook housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Irondale
+21.4%
Homewood
+17.1%
Birmingham
+11.4%
Mountain Brook
+10.4%
Vestavia Hills
-12.0%

Housing Supply in Mountain Brook, AL

How many homes are available in Mountain Brook, AL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3861+60.5%

Summary: The Mountain Brook real estate market had 61 homes for sale in September 2024, a 60.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1115
+36.4%
4 2033
+65.0%
5+ 511
+120.0%

Summary: The Mountain Brook 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 36.4%, 4 bedroom homes increased by 65%, and 5+ bedroom homes increased by 120%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
721+200.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mountain Brook, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in Mountain Brook in September 2024, up by 200.0% month-over-month. Of the 21 sold homes, 33% were sold under asking, 24% were sold at asking, and 43% were sold over asking.

Days on Market for Mountain Brook, AL

How long does it take to sell a home in Mountain Brook, AL?

Average Sale Time

Aug 2024Sep 2024CHANGE
40 Days25 Days-36.2%

Summary: Homes in Mountain Brook had an average of 25 days on market in Sep 2024, down by 36.2% compared to last month.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mountain Brook are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 21 homes were sold in Mountain Brook; 81% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

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

Report Updated 30 Days Ago

Newest Listings in Mountain Brook, AL

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