Is Bellevue, TN 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, Bellevue has remained a Seller's Market.
Key Takeaway
Bellevue is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bellevue, TN
How much do homes in Bellevue, TN cost?
Median Sold Price
$465,206
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bellevue have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Bellevue was $465,206 in May 2024, up 3.4% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230.9K | $224K | -3.0% |
| 2 Bedrooms | $364.9K | $387.9K | +6.3% |
| 3 Bedrooms | $467K | $484.9K | +3.9% |
| 4 Bedrooms | $604.2K | $637.5K | +5.5% |
| 5+ Bedrooms | $760K | $760K | 0.0% |
Summary: Bellevue housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes did not change.
Housing Supply in Bellevue, TN
How many homes are available in Bellevue, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 288 | 308 | +6.9% |
Summary: The Bellevue real estate market had 308 homes for sale in May 2024, a 6.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 89 | 86 | -3.4% |
| 3 Bedrooms | 117 | 127 | +8.5% |
| 4 Bedrooms | 67 | 79 | +17.9% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Bellevue housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 83 | +33.9% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bellevue, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 83 homes were sold or pending in Bellevue in May 2024, up by 33.9% month-over-month. Of the 83 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% were sold over asking.
Days on Market for Bellevue, TN
How long does it take to sell a home in Bellevue, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 21 Days | +144.2% |
Summary: Homes in Bellevue had an average of 21 days on market in May 2024, up by 144.2% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bellevue are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 83 homes were sold in Bellevue; 77% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% 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.