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

Housing Market Conditions



Gauge showing Brentwood is a seller'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



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

# BEDSAug 2022Aug 2023CHANGE
1 $232K$265.2K
2 $317K$423.4K
3 $569.9K$592.7K
4 $1.0M$1.0M
5+ $1.7M$1.8M

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


Housing Supply

How many homes are available in Brentwood, TN?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

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

# BEDSJul 2023Aug 2023CHANGE
1 11
2 2221
3 6259
4 164144
5+ 139139

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 2023Aug 2023CHANGE

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

13 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. 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 2022Aug 2023CHANGE
15 Days22 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

Breakdown of Home Sale Times

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.

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

Report Updated 25 Days Ago

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Nearby Markets

What housing markets are near Brentwood, TN?