$10,000 Closing Credit*
$1,899,900
5,243 SqFt
6 Beds
•5 Full Baths, 1 Partial
Buffy Allen, Listing Office: Ray & Poynor Properties
Is Mountain Brook, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
$870,000
$338/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$42,500(+5.1%)
Key Takeaway
Homes in Mountain Brook have sold for 5.1% more than they did a month ago.
Summary: The median home sold price in Mountain Brook was $870,000 in November 2024, up 5.1% from last month, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $632K | - | N/A |
| 3 Bedrooms | $1.2M | $582.5K | -52.0% |
| 4 Bedrooms | $772.5K | $925.9K | +19.9% |
| 5+ Bedrooms | $1.1M | $1.7M | +54.5% |
Summary: Mountain Brook housing prices by bedroom type for November 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 52%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 54.5%.
Median Sold Price Compared To Nearby Cities
| Vestavia Hills | $441.7K | $500K | +13.2% |
| Mountain Brook | $827.5K | $870K | +5.1% |
| Irondale | $255K | $262.5K | +2.9% |
| Birmingham | $274K | $263.6K | -3.8% |
| Homewood | $515K | $480K | -6.8% |
Housing Supply in Mountain Brook, AL
How many homes are available in Mountain Brook, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 59 | 67 | +13.6% |
Summary: The Mountain Brook real estate market had 67 homes for sale in November 2024, a 13.6% increase 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 28 | 30 | +7.1% |
| 5+ Bedrooms | 14 | 19 | +35.7% |
Summary: The Mountain Brook 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 remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 35.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 26 | +100.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mountain Brook, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Mountain Brook in November 2024, up by 100.0% month-over-month. Of the 26 sold homes, 31% were sold under asking, 8% were sold at asking, and 62% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 16 Days | +76.5% |
Summary: Homes in Mountain Brook had an average of 16 days on market in Nov 2024, up by 76.5% compared to last month.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mountain Brook are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 26 homes were sold in Mountain Brook; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
