Brewton's real estate market is experiencing a price correction, with values down 70.0% from last year. Home prices have decreased 49.9% in the past month. With 18 active listings, inventory is 80% higher than seasonal norms. Transaction volume is up 200% compared to what's typically expected this time of year. A significant 38.9% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Brewton market with the affordability index at 113.8. Based on current market indicators, home prices in Brewton are projected to increase by approximately 17.9% over the next month.
Brewton, AL has a total population of 5,349 residents. The area is predominantly White (56.1%), African American residents comprise 37.3% of the community. This creates a relatively diverse demographic makeup for the area. The small population size creates an intimate community atmosphere in Brewton, AL.
Crime analysis for Brewton, AL shows 43 total incidents across all categories. The most prevalent crime type is Property Crime (67.4% of all incidents). This is followed by Assault at 30.2%. The crime rate in Brewton, AL is very low, with violent crimes being more common than property crimes. This suggests Brewton, AL is generally a safe area for residents and visitors.
Market predictions for Brewton, AL show relatively stable home prices with minimal change (0.2%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Brewton, AL is approximately $93,478.152. The stable price trend suggests a balanced market in Brewton, AL, suitable for both buyers and sellers.
Investment hotspot data for Brewton, AL is currently unavailable.
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