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.
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
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
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
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.