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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brentwood is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Brentwood was a Seller's Market.

Key Takeaway

Brentwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Brentwood, TN

How much do homes in Brentwood, TN cost?

Median Sold Price

$1,011,875

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$94,529(-8.5%)

Key Takeaway

Homes in Brentwood have sold for 8.5% less than they did a year ago.

Summary: The median home sold price in Brentwood was $1,011,875 in February 2024, down 8.5% from last year, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $242.5K$265.2K
+9.4%
2 $339.6K$425.4K
+25.3%
3 $610K$594.4K
-2.6%
4 $1.0M$1.0M
-4.0%
5+ $1.8M$1.8M
-3.1%

Summary: Brentwood housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 25.3%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 3.1%.

Median Sold Price Compared To Nearby Cities

Franklin
+8.6%
Nashville
0.1%
Nolensville
-1.8%
Brentwood
-8.5%

Housing Supply in Brentwood, TN

How many homes are available in Brentwood, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
304332+9.2%

Summary: The Brentwood real estate market had 332 homes for sale in February 2024, a 9.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 2120
-4.8%
3 5250
-3.8%
4 105121
+15.2%
5+ 124139
+12.1%

Summary: The Brentwood housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 12.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
4546+2.2%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

9 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. 58.7% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in Brentwood in February 2024, up by 2.2% month-over-month. Of the 46 sold homes, 59% were sold under asking, 22% were sold at asking, and 20% 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

Feb 2023Feb 2024CHANGE
35 Days68 Days+91.5%

Summary: Homes in Brentwood had an average of 68 days on market in Feb 2024, up by 91.5% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Brentwood has remained consistent over time.

Summary: During February 2024, 46 homes were sold in Brentwood; 37% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 20% 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 28 Days Ago

Newest Listings in Brentwood, TN

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