April 2024

Belle Meade Housing Market Report Memphis, Shelby County, Tennessee

Report Updated 6 Days Ago

Housing Prices in Belle Meade, TN

How much do homes in Belle Meade, TN cost?

Median List Price

$742,450

Based on all homes listed in April 2024.

Difference Since Last Month

+$53,450(+7.8%)

Key Takeaway

The list price of homes in Belle Meade has increased by 7.8% since March.

Median List Price By Bedroom Count

# BEDS# BEDROOMS	Mar 2024	Apr 2024	CHANGE
1 Bedroom	-	-	N/A
2 Bedrooms	-	-	N/A
3 Bedrooms	-	-	N/A
4 Bedrooms	$594K	$712K	+19.9%
5+ Bedrooms	$899K	$824.4K	-8.3%

Summary: Belle Meade housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes decreased by 8.3%.

Median List Price Compared To Nearby Neighborhoods

NEIGHBORHOOD	Mar 2024	Apr 2024	CHANGE
Belle Meade	$689K	$742.4K	+7.8%
Normandy Meadows	$899K	$899K	0.0%

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
3	6	+100.0%

Summary: The Belle Meade real estate market had 6 homes for sale in April 2024, a 100.0% 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	0	0	0.0%
4 Bedrooms	2	4	+100.0%
5+ Bedrooms	1	2	+100.0%

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 increased by 100%, and 5+ bedroom homes increased by 100%.

Days on Market for Belle Meade, TN

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

Average Listing Age

Mar 2024	Apr 2024	CHANGE
101 Days	78 Days	-23.0%

Summary: Homes in Belle Meade had an average listing age of 78 days in Apr 2024, down by 23% compared to the previous month.

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

Report Updated 6 Days Ago

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Newest Listings in Belle Meade, TN

Nearby Markets to Belle Meade, TN

MLS Disclaimers and Copyright

Based on information from Memphis MLS for the period 03/01/2024 - 05/01/2024

Copyright© 2024 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/6/2024, 10:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.