Brentwood, CA

Brentwood

In 2024, the Brentwood market grew, with average sales prices rising from $15M in 2023 to $17M, slowly returning to pre-pandemic sales prices. Today’s sales prices are in stark contrast with the market’s 10-year peak in 2022, when properties sold for $31M, very similar to many luxury markets

Highlights

• Average sales prices rose to $17M in 2024, catching up to pre-pandemic levels

• DOM increased to 254, reflecting a slower, more cautious market, but are still 23% less than the US average

• Faster sales (below 180 DOM) achieved 90% of listing price

A market slowdown

In 2024, properties took nearly 30% longer to sell compared to 2023. While sales prices rise, buyers may also take more time to make decisions. Despite this slight slowdown, the market moved faster than the rest of the US (320-day average) as it has for nine of the last ten years. However, top properties only brought in 86% of their initial listing price. 

It’s worth noting that properties sold within 180 days achieved 90% of their listing price, while those that took longer sold for 83% on average in 2024. This underscores the importance of strategic pricing and timing for sellers looking to maximize their returns in a market still finding its footing.