Is Brentwood, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Brentwood has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $316.9K | $300K | -5.3% |
2 Bedrooms | $635K | $475K | -25.2% |
3 Bedrooms | $887.5K | $707K | -20.3% |
4 Bedrooms | $1.5M | $1.4M | -9.4% |
5+ Bedrooms | $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 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 68 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 17 | 16 | -5.9% |
3 Bedrooms | 20 | 23 | +15.0% |
4 Bedrooms | 18 | 16 | -11.1% |
5+ Bedrooms | 8 | 9 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 12 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 44 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
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.