Is Brentwood, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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, TN
How much do homes in Brentwood, TN cost?
Median Sold Price
$1,000,277
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Brentwood have sold for 7.5% less than they did a year ago.
Summary: The median home sold price in Brentwood was $1,000,277 in March 2024, down 7.5% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $262.5K | +1.0% |
| 2 Bedrooms | $390K | $429K | +10.0% |
| 3 Bedrooms | $605K | $591.6K | -2.2% |
| 4 Bedrooms | $1.0M | $996.6K | -2.5% |
| 5+ Bedrooms | $1.8M | $1.8M | -1.2% |
Summary: Brentwood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Franklin | $823.7K | $864.3K | +4.9% |
| Nashville | $522.6K | $525.1K | 0.5% |
| Nolensville | $749.9K | $744.3K | -0.8% |
| Brentwood | $1.0M | $1.0M | -7.5% |
Housing Supply in Brentwood, TN
How many homes are available in Brentwood, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 343 | 388 | +13.1% |
Summary: The Brentwood real estate market had 388 homes for sale in March 2024, a 13.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 22 | 21 | -4.5% |
| 3 Bedrooms | 47 | 56 | +19.1% |
| 4 Bedrooms | 132 | 152 | +15.2% |
| 5+ Bedrooms | 140 | 156 | +11.4% |
Summary: The Brentwood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 11.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 68 | +41.7% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brentwood, you may be able to get a good deal. 54.4% of homes here sold below asking price last month.
Summary: A total of 68 homes were sold or pending in Brentwood in March 2024, up by 41.7% month-over-month. Of the 68 sold homes, 54% were sold under asking, 24% were sold at asking, and 22% were sold over asking.
Days on Market for Brentwood, TN
How long does it take to sell a home in Brentwood, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 49 Days | +63.2% |
Summary: Homes in Brentwood had an average of 49 days on market in Mar 2024, up by 63.2% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
15 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 March 2024, 68 homes were sold in Brentwood; 59% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.