Is Brentwood, TN 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.
Key Takeaway
Brentwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brentwood, TN
How much do homes in Brentwood, TN cost?
Median Sold Price
$1,016,484
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brentwood have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in Brentwood was $1,016,484 in April 2024, down 4.4% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $261.2K | $257.5K | -1.4% |
| 2 Bedrooms | $400.5K | $429.9K | +7.3% |
| 3 Bedrooms | $603.7K | $593.8K | -1.6% |
| 4 Bedrooms | $1.0M | $1.0M | -0.9% |
| 5+ Bedrooms | $1.8M | $1.8M | -1.4% |
Summary: Brentwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 7.3%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Franklin | $814.9K | $858.6K | +5.4% |
| Nashville | $518K | $529.3K | +2.2% |
| Nolensville | $744.1K | $751.7K | +1.0% |
| Brentwood | $1.0M | $1.0M | -4.4% |
Housing Supply in Brentwood, TN
How many homes are available in Brentwood, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 403 | 443 | +9.9% |
Summary: The Brentwood real estate market had 443 homes for sale in April 2024, a 9.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 21 | 26 | +23.8% |
| 3 Bedrooms | 65 | 70 | +7.7% |
| 4 Bedrooms | 159 | 161 | +1.3% |
| 5+ Bedrooms | 155 | 181 | +16.8% |
Summary: The Brentwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 16.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 73 | 84 | +15.1% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brentwood, you may be able to get a good deal. 56% of homes here sold below asking price last month.
Summary: A total of 84 homes were sold or pending in Brentwood in April 2024, up by 15.1% month-over-month. Of the 84 sold homes, 56% were sold under asking, 21% were sold at asking, and 23% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 33 Days | +34.0% |
Summary: Homes in Brentwood had an average of 33 days on market in Apr 2024, up by 34% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brentwood are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 84 homes were sold in Brentwood; 67% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.