Q3 2024 Real Estate Market Report for Brentwood, TN

Nashville, TN / USA – (last modified October 18, 2024 at 6:00am )


Brentwood, Tennessee, located just south of Nashville, continues to be one of the most sought-after suburban communities in the region. Known for its luxurious homes, top-rated schools, and sprawling parks, Brentwood attracts families and professionals seeking a blend of modern convenience and peaceful suburban living. With proximity to major business hubs and a reputation for high quality of life, Brentwood’s real estate market remains highly competitive.

The Q3 2024 market data shows a mixed picture for the Brentwood housing market, with strong price growth despite a slight drop in inventory and new listings.

Key Metrics at a Glance:

Metric September 2023 September 2024 Year-over-Year Change
New Listings 119 88 26% Decrease
New Under Contract 65 74 14% Increase
Active Inventory (Avg) 232 230 1% Decrease
Under Contract Inventory (Avg) 131 112 14% Decrease
Total Inventory 363 342 6% Decrease
Closings 52 45 13% Decrease
Sale Price (Avg) $1,474,678 $1,795,981 22% Increase
Sale Price (Med) $1,060,000 $1,485,000 40% Increase
Avg DOM (Closed) 30 38 28% Increase
Avg List Price (Active) $2,123,916 $2,480,444 17% Increase
List to Contract (Avg) 83 60 28% Decrease
Contract to Closed (Avg) 60 67 12% Increase
List to Closed (Avg) 136 130 4% Decrease
Months of Supply 5.42 6.21 15% Increase

Takeaway Points:

  • Days on Market: Homes are taking longer to sell compared to last year, with a 28% increase in the average days on market (DOM).
  • Active Inventory: Despite a slight dip in inventory levels, there is still a healthy supply of homes for buyers to choose from in Brentwood.
  • Pricing Trends: Home prices in Brentwood have surged, with the average sale price rising by 22% and the median sale price increasing by 40%, highlighting continued demand for properties in this desirable area.

Narrative Summary:

Brentwood’s real estate market continues to show strong demand, with significant price appreciation despite a slight decrease in the number of new listings and closings. The 22% increase in the average sale price and the 40% jump in the median sale price demonstrate Brentwood’s enduring appeal to luxury buyers and families seeking high-end properties in a community known for its excellent schools, expansive parks, and proximity to Nashville.

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For more information about living in Brentwood, visit Brentwood on Wikipedia or Visit Brentwood.