Is Brentwood, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Brentwood was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $242.5K | $265.2K | +9.4% |
2 Bedrooms | $339.6K | $425.4K | +25.3% |
3 Bedrooms | $610K | $594.4K | -2.6% |
4 Bedrooms | $1.0M | $1.0M | -4.0% |
5+ Bedrooms | $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 | $782.7K | $849.9K | +8.6% |
Nashville | $521.3K | $521.8K | 0.1% |
Nolensville | $750K | $736.6K | -1.8% |
Brentwood | $1.1M | $1.0M | -8.5% |
Housing Supply in Brentwood, TN
How many homes are available in Brentwood, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
304 | 332 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 21 | 20 | -4.8% |
3 Bedrooms | 52 | 50 | -3.8% |
4 Bedrooms | 105 | 121 | +15.2% |
5+ Bedrooms | 124 | 139 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
45 | 46 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
35 Days | 68 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
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.