Is Brentwood, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brentwood is a seller's market

Buyer's
Market

Difference Since August 2021

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.

How much do homes in Brentwood, TN cost?

Median Sold Price

$1,324,000

$317/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$277,723(+26.5%)

Key Takeaway

Homes in Brentwood have sold for 26.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $239.5K$320K
+33.6%
3 $532.6K$705K
+32.4%
4 $899.9K$1.1M
+23.5%
5+ $1.4M$1.7M
+24.0%

Median Sold Price Compared To Nearby Cities

Forest Hills
+51.5%
Nolensville
+34.9%
Brentwood
+26.5%
Franklin
+23.1%
Oak Hill
-4.6%

How many homes are available in Brentwood, TN?

Number of Homes For Sale

Jul 2022Aug 2022%
247240-2.8%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 22
0.0%
3 3232
0.0%
4 106105
-0.9%
5+ 107101
-5.6%

Number of Homes Sold

Jul 2022Aug 2022%
5950-15.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brentwood, you may be able to get a good deal. 36% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
7 Days14 Days+98.5%

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Brentwood are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Brentwood, TN

Number of homes for sale in Brentwood, TN real estate market have reached 240. The number of homes for sale in Brentwood, TN decreased by 2.8% between July 2022 and August 2022. While the average time on the market in August 2022 was 14 days, the median list price was $1,324,000. This housing market listing prices have changed between July 2022 and August 2022: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 33.6%, prices of 3 bedrooms properties increased by 32.4%, prices of 4 bedrooms properties went up by 23.5%, the cost of 5 bedrooms properties went up by 24%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes did not move, volume of 4 bedrooms homes went down by 0.9%, 5 bedrooms homes became 5.6% less available. In August 2022 more than 18 listings in Brentwood, TN were sold above the asking price. During the same period more than 14 listings were sold at asking price, while more than 18 were sold below.

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