Home sales statistics were compiled for 2010 through 2017 for Brentwood, TN (Williamson County). The Median Sale Price, Sales Volume and Median Days on Market were charted to see how these indicators have changed as our local homes values have appreciated year over year. The median price for single family homes in Brentwood during 2017 and 2016 was $685,000. The median sale price increased 9% since 2015 and 10% since 2014!
The total home sales volume in Brentwood, TN for 2017 was 2270. The total number of homes sold increased about 5% from 2016 to 2017. There was a 4% decrease from 2015 to 2017. The units sold decreased by 5% from 2014 to 2017. It is likely that the decline in sales in the past couple of years was due to low inventory of homes for sale. The demand has been much higher than the quantity of available properties in many price ranges.
The median days on market for single family homes in Brentwood has experienced the most drastic change in the past few years. The median days on market was just 17 days in 2017 and 116 days in 2016. By contrast, the median days on market was 29 and 46 in 2012 and 2011 respectively. Homes are selling faster and for a higher price than they have in recent history!
About 23% of Brentwood’s home sales in 2017 were either new homes or those built within the last 5 years.
In 2017, the highest month for closings was July with 110 closed homes. The lowest monthly sales occurred in January at 35.
Please call me at 615-260-5858 if you would like more specific data for your neighborhood or area of interest.
9175 Carothers Pkwy. Ste. 110, Franklin, TN 37067
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Statistics are based on closed sales of site-built, single family homes as of MLS data on February 28, 2018.