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Brentwood, Los Angeles, CA Housing Market
In December 2024, the median home price in Brentwood saw a modest increase of 1.8% compared to the previous year, reaching $2.0 million. Homes in Brentwood continued to sell relatively quickly, with an average of 54 days on the market, slightly down from 55 days in December 2023. Additionally, the number of homes sold in December rose marginally, with 75 properties sold this year compared to 74 last year. These figures indicate a steady and stable market, with consistent demand for homes in this sought-after area.
Brentwood’s real estate market is moderately competitive, with homes typically selling in about 54 days. While some properties attract multiple offers, most homes sell for approximately 3% below the list price and go under contract within 54 days. However, highly desirable "hot" homes can sell at or near the list price and go pending much faster, averaging just 32 days on the market. This dynamic highlights the varying levels of demand within the area.
In December 2024, Brentwood was a seller's market, with buyer demand outpacing the available housing inventory. This competitive environment gives sellers an advantage, often leading to quicker sales and stronger offers as buyers compete for limited properties in the area.
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