Is Brentwood, TX 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 April 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, TX

How much do homes in Brentwood, TX cost?

Median Sold Price

$749,500

$490/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$97,500(-11.5%)

Key Takeaway

Homes in Brentwood have sold for 11.5% less than they did a year ago.

Summary: The median home sold price in Brentwood was $749,500 in April 2024, down 11.5% from last year, and the median price per square foot was $490.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $316.9K$300K
-5.3%
2 $635K$475K
-25.2%
3 $887.5K$707K
-20.3%
4 $1.5M$1.4M
-9.4%
5+ $1.7M$2.0M
+18.1%

Summary: Brentwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes decreased by 25.2%, 3 bedroom homes decreased by 20.3%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 18.1%.

Housing Supply in Brentwood, TX

How many homes are available in Brentwood, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6768+1.5%

Summary: The Brentwood real estate market had 68 homes for sale in April 2024, a 1.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 44
0.0%
2 1716
-5.9%
3 2023
+15.0%
4 1816
-11.1%
5+ 89
+12.5%

Summary: The Brentwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2112-42.9%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 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. 50% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Brentwood in April 2024, down by 42.9% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Brentwood, TX

How long does it take to sell a home in Brentwood, TX?

Average Sale Time

Apr 2023Apr 2024CHANGE
61 Days44 Days-28.1%

Summary: Homes in Brentwood had an average of 44 days on market in Apr 2024, down by 28.1% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 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 April 2024, 12 homes were sold in Brentwood; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% 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 4 Days Ago

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