Is Belle Meade, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belle Meade is a seller's market

Buyer's
Market

Difference Since April 2021

Since last year, Belle Meade has remained a Seller's Market.

Key Takeaway

Belle Meade is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Belle Meade, TN cost?

Median Sold Price

$2,670,000

$533/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$758,000(+39.6%)

Key Takeaway

Homes in Belle Meade have sold for 39.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 --
N/A
2 $1.2M$635K
-49.2%
3 $912.5K$1.2M
+40.0%
4 $1.4M$2.8M
+96.8%
5+ $2.9M$3.0M
+4.3%

Median Sold Price Compared To Nearby Cities

Belle Meade
+39.6%
Forest Hills
+34.0%
Nashville
+18.2%

How many homes are available in Belle Meade, TN?

Number of Homes For Sale

Mar 2022Apr 2022%
13130.0%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 00
0.0%
3 10
-100.0%
4 55
0.0%
5+ 78
+14.3%

Number of Homes Sold

Mar 2022Apr 2022%
15+400.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belle Meade, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Average Sale Time

Apr 2021Apr 2022%
33 Days6 Days-82.3%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Belle Meade are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Belle Meade, TN

Belle Meade, TN has 13 homes for sale to choose from. While the average time on the market in April 2022 was 6 days, the median list price was $2,670,000. From March 2022 through April 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties decreased by 49.2%, 3 bedrooms properties prices increased by 40%, prices of 4 bedrooms properties went up by 96.8%, 5 bedrooms properties prices increased by 4.3%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes went down by 100%, 4 bedrooms homes inventory did not change, 5 bedrooms homes became 14.3% more available. While more than 2 listings in Belle Meade, TN in April 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 2 were sold below.

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