Is Brentwood, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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, PA
How much do homes in Brentwood, PA cost?
Median Sold Price
$180,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brentwood have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Brentwood was $180,000 in May 2024, up 9.1% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $130K | $138.3K | +6.4% |
| 3 Bedrooms | $165.1K | $189.9K | +15.0% |
| 4 Bedrooms | $204.9K | $206.6K | +0.8% |
| 5+ Bedrooms | $298K | $335K | +12.4% |
Summary: Brentwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Cities
| Brentwood | $165K | $180K | +9.1% |
| Whitehall | $270K | $290.6K | +7.7% |
| Baldwin | $205K | $215K | +4.9% |
| Pittsburgh | $230.7K | $241.5K | +4.7% |
Housing Supply in Brentwood, PA
How many homes are available in Brentwood, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 45 | +73.1% |
Summary: The Brentwood real estate market had 45 homes for sale in May 2024, a 73.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 6 | +100.0% |
| 3 Bedrooms | 23 | 29 | +26.1% |
| 4 Bedrooms | 3 | 9 | +200.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Brentwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brentwood, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Brentwood in May 2024, up by 150.0% month-over-month. Of the 10 sold homes, 10% were sold under asking, 20% were sold at asking, and 70% were sold over asking.
Days on Market for Brentwood, PA
How long does it take to sell a home in Brentwood, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 78 Days | +137.6% |
Summary: Homes in Brentwood had an average of 78 days on market in May 2024, up by 137.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 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 May 2024, 10 homes were sold in Brentwood; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
