Is Brentwood, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Brentwood has remained a Seller's Market.
Key Takeaway
Brentwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brentwood, MO
How much do homes in Brentwood, MO cost?
Median Sold Price
$266,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brentwood have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Brentwood was $266,000 in May 2024, up 8.1% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166K | $188K | +13.3% |
| 2 Bedrooms | $220K | $230.2K | +4.7% |
| 3 Bedrooms | $310K | $358.7K | +15.7% |
| 4 Bedrooms | $724K | $799.5K | +10.4% |
| 5+ Bedrooms | $845K | $1.0M | +22.5% |
Summary: Brentwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 22.5%.
Median Sold Price Compared To Nearby Cities
| Clayton Township | $377.2K | $505.8K | +34.1% |
| Maplewood | $250K | $280K | +12.0% |
| Brentwood | $246K | $266K | +8.1% |
| Rock Hill | $275K | $290K | +5.5% |
| Richmond Heights | $352K | $361K | +2.6% |
Housing Supply in Brentwood, MO
How many homes are available in Brentwood, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 59 | 71 | +20.3% |
Summary: The Brentwood real estate market had 71 homes for sale in May 2024, a 20.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 34 | 47 | +38.2% |
| 3 Bedrooms | 10 | 6 | -40.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 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 increased by 38.2%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 19 | +72.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brentwood, you could pay more than the asking price. 63.2% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Brentwood in May 2024, up by 72.7% month-over-month. Of the 19 sold homes, 37% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for Brentwood, MO
How long does it take to sell a home in Brentwood, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 14 Days | -41.0% |
Summary: Homes in Brentwood had an average of 14 days on market in May 2024, down by 41% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 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, 19 homes were sold in Brentwood; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.