CHORD Nashville Team
Brentwood, TN 37027
Single-Family Homes
info@CHORDrealestate.com 615.988.1001
Brentwood, TN 37027
Fri Apr 26 2024
This week the median list price for Brentwood, TN 37027 is $2,112,500 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has increased to 212.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $2,112,500 | |
| Median Price of New Listings | $1,491,950 | |
| Per Square Foot | $419 | |
| Average Days on Market | 111 | |
| Median Days on Market | 56 | |
| Price Decreased | 33% | |
| Price Increased | 7% | |
| Relisted | 19% | |
| Inventory | 212 | |
| Median Rent | ||
| Market Action | 34 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,207,930 | 7,209 | 1 - 2.5 acres | 5 | 6.5 | 1 | 8 | 3 | 98 |
| $2,489,900 | 5,451 | 1 - 2.5 acres | 5 | 5.5 | 9 | 6 | 3 | 63 |
| $1,699,000 | 4,394 | 0.5 - 1 acre | 4 | 4.5 | 21 | 7 | 12 | 77 |
| $750,000 | 2,664 | 0.25 - 0.5 acre | 4 | 3 | 21 | 19 | 7 | 21 |