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 May 2022

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

$2,475,000

$583/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

-$225,000(-8.3%)

Key Takeaway

Homes in Belle Meade have sold for 8.3% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 --
N/A
2 $950K-
N/A
3 $1.4M$1.8M
+29.3%
4 $2.6M$2.6M
+0.7%
5+ $3.5M$2.9M
-14.4%

Median Sold Price Compared To Nearby Cities

Forest Hills
+25.4%
Nashville
+9.3%
Belle Meade
-8.3%

How many homes are available in Belle Meade, TN?

Number of Homes For Sale

Apr 2023May 2023%
13130.0%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
0.0%
2 11
0.0%
3 11
0.0%
4 55
0.0%
5+ 66
0.0%

Number of Homes Sold

Apr 2023May 2023%
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 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. 100% of homes here sold below asking price last month.

How long does it take to sell a home in Belle Meade, TN?

How long does it take to sell a home in Belle Meade, TN?

Average Sale Time

May 2022May 2023%
49 Days4 Days-91.9%

Breakdown of Home Sale Times

3 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.

What housing markets are near Belle Meade, TN?

About Belle Meade, TN

There are 13 homes are for sale in Belle Meade, TN real estate market. While the average time on the market in May 2023 was 4 days, the median list price was $2,475,000. This housing market listing prices have changed between April 2023 and May 2023: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices increased by 0%, prices of 3 bedrooms properties increased by 29.3%, prices of 4 bedrooms properties increased by 0.7%, 5 bedrooms properties prices decreased by 14.4%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes did not move, 4 bedrooms homes did not move, 5 bedrooms homes inventory did not change. Belle Meade, TN housing market in May 2023 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 3 sold below.