Is Brentwood, CA 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 November 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, CA

How much do homes in Brentwood, CA cost?

Median Sold Price

$2,322,000

$938/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$178,000(-7.1%)

Key Takeaway

Homes in Brentwood have sold for 7.1% less than they did a year ago.

Summary: The median home sold price in Brentwood was $2,322,000 in November 2024, down 7.1% from last year, and the median price per square foot was $938.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $600K$625K
+4.2%
2 $1.1M$1.2M
+10.9%
3 $2.5M$2.2M
-13.6%
4 $3.5M$3.3M
-3.5%
5+ $6.6M$6.5M
-0.9%

Summary: Brentwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 10.9%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 0.9%.

Median Sold Price Compared To Nearby Neighborhoods

Brentwood
-7.1%
Pacific Palisades
-10.5%

Housing Supply in Brentwood, CA

How many homes are available in Brentwood, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
148150+1.4%

Summary: The Brentwood real estate market had 150 homes for sale in November 2024, a 1.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 118
-27.3%
2 3033
+10.0%
3 2520
-20.0%
4 2730
+11.1%
5+ 5559
+7.3%

Summary: The Brentwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.3%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 7.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2521-16.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 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. 85.7% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Brentwood in November 2024, down by 16.0% month-over-month. Of the 21 sold homes, 86% were sold under asking, 5% were sold at asking, and 10% were sold over asking.

Days on Market for Brentwood, CA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days53 Days+120.8%

Summary: Homes in Brentwood had an average of 53 days on market in Nov 2024, up by 120.8% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

5 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 November 2024, 21 homes were sold in Brentwood; 57% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 24% 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 21 Days Ago

Newest Listings in Brentwood, CA

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