Is Millbrook, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Millbrook is a buyer's market

Buyer's
Market

Difference Since September 2023

Since last year, Millbrook has remained a Buyer's Market.

Key Takeaway

Millbrook is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Millbrook, NY

How much do homes in Millbrook, NY cost?

Median Sold Price

$670,000

$282/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$217,500(+48.1%)

Key Takeaway

Homes in Millbrook have sold for 48.1% more than they did a year ago.

Summary: The median home sold price in Millbrook was $670,000 in September 2024, up 48.1% from last year, and the median price per square foot was $282.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $420K$750K
+78.6%
2 $335K$482K
+43.9%
3 $452.5K$665K
+47.0%
4 $1.1M$635K
-44.3%
5+ $577.5K$985K
+70.6%

Summary: Millbrook housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.6%, 2 bedroom homes increased by 43.9%, 3 bedroom homes increased by 47%, 4 bedroom homes decreased by 44.3%, and 5+ bedroom homes increased by 70.6%.

Median Sold Price Compared To Nearby Cities

Millbrook
+48.1%
Washington
+15.4%

Housing Supply in Millbrook, NY

How many homes are available in Millbrook, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2932+10.3%

Summary: The Millbrook real estate market had 32 homes for sale in September 2024, a 10.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1012
+20.0%
4 75
-28.6%
5+ 1114
+27.3%

Summary: The Millbrook 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 20%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Millbrook, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Millbrook in September 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Millbrook, NY

How long does it take to sell a home in Millbrook, NY?

Average Sale Time

Sep 2023Sep 2024CHANGE
35 Days14 Days-60.6%

Summary: Homes in Millbrook had an average of 14 days on market in Sep 2024, down by 60.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 1 homes were sold in Millbrook; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 29 Days Ago

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