The housing market in New Brockton continues to see strong price appreciation, with values up 448.0% compared to last year. Home prices have increased 9.6% in the past month alone. With 2.3 months of supply, New Brockton's inventory levels remain relatively tight. Homes are now taking an average of 60 days to sell, significantly longer than the 13 days typical for this market. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the New Brockton market with the affordability index at 1433.9. Based on current market indicators, home prices in New Brockton are projected to decrease by approximately 18.3% over the next month.
New Brockton, AL has a total population of 1,099 residents. The area is predominantly White (72.4%), African American residents comprise 21.9% of the community. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in New Brockton, AL.
Crime analysis for New Brockton, AL shows 9 total incidents across all categories. The most prevalent crime type is Assault (66.7% of all incidents). This is followed by Property Crime at 22.2%. The crime rate in New Brockton, AL is very low, with violent crimes being more common than property crimes. This suggests New Brockton, AL is generally a safe area for residents and visitors.
Market predictions for New Brockton, AL show a downward trend in home prices, with values decreasing by 5.2%. This indicates a moderate but notable price trend. The current median home price in New Brockton, AL is approximately $208,098.86. The declining trend suggests this may be a buyer's market, with potential opportunities for those looking to purchase property in New Brockton, AL.
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