Mountain Brook Market Update (2015-2024)

Among Birmingham’s most sought-after neighborhoods, Mountain Brook is home to a great school system, charming villages, and some of the most luxurious homes in the city. With all of this appeal, it’s no wonder why buyers line up to get in.

Over the past ten years, the Mountain Brook market has remained steady, with a dramatic increase in average sales price in 2020. Covid saw a large number of buyers looking to upgrade their homes, not only in number of bedrooms and bathrooms, but in high-end finishes and amenities. With more people looking to get in a luxury home, sales prices continued to rise, especially with low interest rates. While the number of homes available has fallen since 2019, the competition remains high. The number of homes selling for over $1M has increased from 37 to 131 since 2015, and homes selling for over $4M & $5M (unheard of before 2020) are slowly starting to creep in.

What does that mean for buyers and sellers?

Most buyers know upon entering the market that they’ll be facing tough competition. Our goal is to help buyers put their absolute best foot forward to help them come out on top. However, as prices rise, buyers can feel confident that their investment will hold strong for years to come.

Sellers, especially since 2020, have enjoyed a true seller’s market with a large number of buyers and low inventory. Homes frequently sell well over list price and fast.  Like other Birmingham areas with strong school systems and nowhere new to build, Mountain Brook homes will continue to rise in price.