Is Bellevue, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bellevue has remained a Seller's Market.
Key Takeaway
Bellevue is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bellevue, TN
How much do homes in Bellevue, TN cost?
Median Sold Price
$459,992
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bellevue have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Bellevue was $459,992 in April 2024, up 0.9% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245.2K | $219.5K | -10.5% |
| 2 Bedrooms | $361.5K | $385K | +6.5% |
| 3 Bedrooms | $470K | $480K | +2.1% |
| 4 Bedrooms | $600K | $650K | +8.3% |
| 5+ Bedrooms | $750K | $762K | +1.6% |
Summary: Bellevue housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 1.6%.
Housing Supply in Bellevue, TN
How many homes are available in Bellevue, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 268 | 273 | +1.9% |
Summary: The Bellevue real estate market had 273 homes for sale in April 2024, a 1.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 91 | 86 | -5.5% |
| 3 Bedrooms | 107 | 107 | 0.0% |
| 4 Bedrooms | 56 | 67 | +19.6% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Bellevue housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 58 | -14.7% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bellevue, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.
Summary: A total of 58 homes were sold or pending in Bellevue in April 2024, down by 14.7% month-over-month. Of the 58 sold homes, 48% were sold under asking, 31% were sold at asking, and 21% were sold over asking.
Days on Market for Bellevue, TN
How long does it take to sell a home in Bellevue, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 26 Days | +83.1% |
Summary: Homes in Bellevue had an average of 26 days on market in Apr 2024, up by 83.1% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bellevue are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 58 homes were sold in Bellevue; 69% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.