Brentwood Real Estate Insights – June 2024

Welcome to the Monthly Real Estate Insights for Brentwood, CA, for June 2024. This update provides a comprehensive overview of the current market trends and changes in the real estate landscape for single-family residences. Staying informed about these trends is essential for making well-informed decisions whether you are a home buyer, seller, or real estate professional.

TOP Takeaways

  • Market Index Score: The Market Index score for June 2024 is 59, indicating a strong seller's market.

  • Current Trends: The median list price has decreased, while the average days on market have increased, suggesting a cooling in market activity despite the high competition.

  • Mortgage Rates: The current 30-year fixed mortgage rate is 6.95%, a decrease from last month’s rate of 7.03%.


Market Overview

Key Metrics

  • Median List Price: $889,994 (down from $937,499 last month)

  • Median Price of New Listings: $768,440 (down from $836,000 last month)

  • Average Days on Market: 62 (up from 51 last month)

  • Median Days on Market: 28 (unchanged from last month)

  • Median Rent: $3,575 (up from $3,400 last month)

  • Market Action Score: 59 (down from 60 last month)

Analysis and Trends

The Brentwood real estate market continues to favor sellers, with a Market Index score of 59. This strong seller's market is characterized by high competition and decreasing prices, suggesting a slight cooling in buyer activity. Despite these changes, the market remains competitive with substantial buyer interest.

Seller’s Perspective

For sellers, a Market Index score of 59 means there are still opportunities to gain favorable terms for their properties. The decrease in median list price and new listings price suggests sellers might need to be more competitive in their pricing strategies. However, the strong competition among buyers continues to provide advantageous offer terms and potentially higher sale prices.

Buyer’s Perspective

Buyers in Brentwood face challenges typical of a seller's market. However, the slight decrease in mortgage rates to 6.95% offers some financial relief, potentially lowering monthly payments. The increase in average days on market provides buyers with a bit more time to make informed decisions, but competition remains high.

Current Market Insights

An interesting fact about the current housing market in Brentwood is the significant increase in the median rent, which has risen to $3,575 from $3,400 last month. This increase highlights the growing demand for rental properties, driven by high home prices and limited availability, making renting a more attractive option for many residents.

Another noteworthy trend is the stability in the median days on market, remaining at 28 days despite the increase in average days on market. This indicates a dynamic where well-priced properties still attract quick offers, while others may take longer to sell, reflecting a more selective buying process.

Future Outlook

Looking ahead, the Brentwood real estate market is expected to remain favorable for sellers. The anticipation of steady interest rates and ongoing high demand suggests that seller strength will continue. Buyers should stay prepared to act swiftly and negotiate effectively, while sellers can expect continued strong interest in their properties.

The Brentwood real estate market in June 2024 continues to be a strong seller's market with competitive dynamics and slight adjustments in pricing and days on market. Understanding these trends and the implications of the Market Index score can help all parties make better decisions. If you have any questions or need further assistance, please feel free to reach out. Your local real estate professional is here to help guide you through these times with expert advice and support.


The Brentwood real estate market continues to offer opportunities and challenges for both buyers and sellers. Staying informed and working with a trusted Real Estate Professional from Realty One Elite can significantly enhance your real estate journey. Whether you're looking to buy or sell, we're here to assist with your needs and ensure you navigate the market with confidence.

For any questions or guidance on your real estate ventures in Brentwood, don't hesitate to reach out. Let's make your real estate aspirations a reality this February 2024.

Additional Resources

For further insights into Brentwood's real estate market or for personalized advice, visit our insights page at www.findebhomes.com. Stay informed about mortgage trends with the latest Freddie Mac 30-year rate update.