Brookwood's real estate market is experiencing a price correction, with values down 38.5% from last year. The median home price has fallen to $222,450, a significant 38.5% decrease year-over-year. With 2.5 months of supply, Brookwood's inventory levels remain relatively tight. Properties are selling within just 38 days on average, much faster than the historical norm of 102 days. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Brookwood market with the affordability index at 938.6. Based on current market indicators, home prices in Brookwood are projected to decrease by approximately 19.3% over the next month.
Brookwood, AL has a total population of 2,258 residents. The area is predominantly White (80.9%), The African American population is 8.8%. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Brookwood, AL.
Crime analysis for Brookwood, AL shows 8 total incidents across all categories. The most prevalent crime type is Property Crime (37.5% of all incidents). This is followed by Assault at 37.5%. The crime rate in Brookwood, AL is very low, with violent crimes being more common than property crimes. This suggests Brookwood, AL is generally a safe area for residents and visitors.
Market predictions for Brookwood, AL show an upward trend in home prices, with values increasing by 13.8%. This represents a significant price movement in the market. The current median home price in Brookwood, AL is approximately $204,166.703. Based on current trends, home prices in Brookwood, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
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