Is Belle Meade, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Belle Meade was a Neutral Market.
Key Takeaway
Belle Meade is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belle Meade, TN
How much do homes in Belle Meade, TN cost?
Median Sold Price
$3,179,500
$739/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Belle Meade have sold for 24.7% more than they did a year ago.
Summary: The median home sold price in Belle Meade was $3,179,500 in April 2024, up 24.7% from last year, and the median price per square foot was $739.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $950K | $1.9M | +105.3% |
| 3 Bedrooms | $1.8M | $1.2M | -31.5% |
| 4 Bedrooms | $2.6M | $3.1M | +18.2% |
| 5+ Bedrooms | $3.4M | $6.0M | +77.4% |
Summary: Belle Meade housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 105.3%, 3 bedroom homes decreased by 31.5%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 77.4%.
Median Sold Price Compared To Nearby Cities
| Belle Meade | $2.5M | $3.1M | +24.7% |
| Nashville | $518K | $529.3K | +2.2% |
| Forest Hills | $2.1M | $1.9M | -9.8% |
Housing Supply in Belle Meade, TN
How many homes are available in Belle Meade, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The Belle Meade real estate market had 18 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Belle Meade housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belle Meade, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Belle Meade in April 2024, the same as the previous month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Belle Meade, TN
How long does it take to sell a home in Belle Meade, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 9 Days | -12.4% |
Summary: Homes in Belle Meade had an average of 9 days on market in Apr 2024, down by 12.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Belle Meade are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Belle Meade; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.