$5,866 Closing Credit*
$494,000
1,693 SqFt
3 Beds
•2 Full Baths, 1 Partial
Meaghan Klein, Listing Office: LHI Homes International
Is Brentwood, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$1,125,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$125,000(+12.5%)
Key Takeaway
Homes in Brentwood have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Brentwood was $1,125,000 in October 2024, up 12.5% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265.2K | $275K | +3.7% |
| 2 Bedrooms | $425K | $407.9K | -4.0% |
| 3 Bedrooms | $568K | $606.1K | +6.7% |
| 4 Bedrooms | $997.4K | $1.1M | +10.3% |
| 5+ Bedrooms | $1.8M | $1.9M | +5.2% |
Summary: Brentwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Brentwood | $999.9K | $1.1M | +12.5% |
| Nolensville | $729.9K | $788.7K | +8.0% |
| Franklin | $841.1K | $889.4K | +5.8% |
| Nashville | $511.4K | $529.8K | +3.6% |
Housing Supply in Brentwood, TN
How many homes are available in Brentwood, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 336 | 365 | +8.6% |
Summary: The Brentwood real estate market had 365 homes for sale in October 2024, a 8.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 25 | 27 | +8.0% |
| 3 Bedrooms | 54 | 59 | +9.3% |
| 4 Bedrooms | 107 | 116 | +8.4% |
| 5+ Bedrooms | 146 | 159 | +8.9% |
Summary: The Brentwood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 8.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 66 | +37.5% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brentwood, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in Brentwood in October 2024, up by 37.5% month-over-month. Of the 66 sold homes, 61% were sold under asking, 23% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 36 Days | -15.7% |
Summary: Homes in Brentwood had an average of 36 days on market in Oct 2024, down by 15.7% compared to last year.
Breakdown of Home Sale Times
38 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 October 2024, 66 homes were sold in Brentwood; 58% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 15% 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.