Is Belle Meade, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $950K | - | N/A |
| 3 Bedrooms | $1.4M | $1.8M | +29.3% |
| 4 Bedrooms | $2.6M | $2.6M | +0.7% |
| 5+ Bedrooms | $3.5M | $2.9M | -14.4% |
Median Sold Price Compared To Nearby Cities
| Forest Hills | $1.6M | $2.1M | +25.4% |
| Nashville | $471.1K | $515.1K | +9.3% |
| Belle Meade | $2.7M | $2.4M | -8.3% |
How many homes are available in Belle Meade, TN?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 13 | 13 | 0.0% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 2 | 3 | +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
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 2022 | May 2023 | % |
|---|---|---|
| 49 Days | 4 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
Key Takeaway
Many homes in Belle Meade are selling fast, if you're buying plan to act quickly.
© 2023 of the REALTRACS MLS. All rights Reserved.