Is Brentwood, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
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
How much do homes in Brentwood, TN cost?
Median Sold Price
$1,050,000
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Brentwood have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Brentwood was $1,050,000 in August 2023, up 4.7% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232K | $265.2K | +14.3% |
| 2 Bedrooms | $317K | $423.4K | +33.6% |
| 3 Bedrooms | $569.9K | $592.7K | +4.0% |
| 4 Bedrooms | $1.0M | $1.0M | +2.2% |
| 5+ Bedrooms | $1.7M | $1.8M | +3.9% |
Summary: Brentwood housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 33.6%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Cities
| Brentwood | $1.0M | $1.0M | +4.7% |
| Nashville | $495.1K | $511.3K | +3.3% |
| Franklin | $779.8K | $799.8K | +2.6% |
| Nolensville | $705K | $720.1K | +2.2% |
Housing Supply
How many homes are available in Brentwood, TN?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 388 | 364 | -6.2% |
Summary: The Brentwood real estate market had 364 homes for sale in August 2023, a 6.2% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 22 | 21 | -4.5% |
| 3 Bedrooms | 62 | 59 | -4.8% |
| 4 Bedrooms | 164 | 144 | -12.2% |
| 5+ Bedrooms | 139 | 139 | 0.0% |
Summary: The Brentwood housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 86 | 70 | -18.6% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brentwood, you may be able to get a good deal. 53.6% of homes here sold below asking price last month.
Summary: A total of 70 homes were sold or pending in Brentwood in August 2023, down by 18.6% month-over-month. Of the 69 sold homes, 54% were sold under asking, 28% were sold at asking, and 19% were sold over asking.
Days on Market
How long does it take to sell a home in Brentwood, TN?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 15 Days | 22 Days | +48.7% |
Summary: Homes in Brentwood had an average of 22 days on market in Aug 2023, up by 48.7% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 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 August 2023, 70 homes were sold in Brentwood; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2023 of the REALTRACS MLS. All rights Reserved. 
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.