Explore Millbrook, AL - Market Insights, Demographics, Crime, Trends & Hotspots
Market Insights
Millbrook's real estate market is experiencing a price correction, with values down 9.3% from last year. Home prices have decreased 4.2% in the past month. With 2.0 months of supply, Millbrook's inventory levels remain relatively tight. Homes are taking about 36 days to sell, which is -20 days longer than this time last year. Only 8.8% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 17.6% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Millbrook market with the affordability index at 74.7. Based on current market indicators, home prices in Millbrook are projected to increase by approximately 3.7% over the next month.
Demographics market for - Millbrook, AL
Total Population -
16,136
White Population
69.11%
Black Population
25.12%
Crime for - Millbrook, AL
Real Estate Market Prediction for - Millbrook, AL
City Hotspots
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