Is Brentwood, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Brentwood was a Seller's Market.
Key Takeaway
Brentwood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Brentwood, MD
How much do homes in Brentwood, MD cost?
Median Sold Price
$385,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brentwood have sold for 7.2% less than they did a year ago.
Summary: The median home sold price in Brentwood was $385,000 in May 2024, down 7.2% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $195K | -7.1% |
| 2 Bedrooms | $277.4K | $377.5K | +36.1% |
| 3 Bedrooms | $411K | $365K | -11.2% |
| 4 Bedrooms | $429K | $416K | -3.0% |
| 5+ Bedrooms | $568.7K | $530K | -6.8% |
Summary: Brentwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 36.1%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Cities
| Mount Rainier | $491K | $530K | +7.9% |
| Hyattsville | $386.8K | $389.3K | +0.7% |
| Brentwood | $415K | $385K | -7.2% |
Housing Supply in Brentwood, MD
How many homes are available in Brentwood, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 26 | +52.9% |
Summary: The Brentwood real estate market had 26 homes for sale in May 2024, a 52.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Brentwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Brentwood, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Brentwood in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Brentwood, MD
How long does it take to sell a home in Brentwood, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 11 Days | -55.6% |
Summary: Homes in Brentwood had an average of 11 days on market in May 2024, down by 55.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brentwood are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Brentwood; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
