$10,000 Closing Credit*
$975,000
1,766 SqFt
2 Beds
•2 Full Baths
Chip Wilkison, Listing Office: Engel & Voelkers Nashville
Is Belle Meade, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Belle Meade was a Seller's Market.
Key Takeaway
Belle Meade is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Belle Meade, TN
How much do homes in Belle Meade, TN cost?
Median Sold Price
$3,200,000
$803/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$405,000(+14.5%)
Key Takeaway
Homes in Belle Meade have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Belle Meade was $3,200,000 in October 2024, up 14.5% from last year, and the median price per square foot was $803.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.9M | $949.5K | -51.3% |
| 3 Bedrooms | $1.8M | $1.6M | -12.4% |
| 4 Bedrooms | $2.9M | $3.1M | +7.9% |
| 5+ Bedrooms | $3.4M | $4.8M | +41.6% |
Summary: Belle Meade housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 51.3%, 3 bedroom homes decreased by 12.4%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 41.6%.
Median Sold Price Compared To Nearby Cities
| Belle Meade | $2.7M | $3.2M | +14.5% |
| Forest Hills | $2.0M | $2.1M | +6.3% |
| Nashville | $511.4K | $529.8K | +3.6% |
Housing Supply in Belle Meade, TN
How many homes are available in Belle Meade, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The Belle Meade real estate market had 18 homes for sale in October 2024, a 5.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Belle Meade housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belle Meade, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Belle Meade in October 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 66 Days | 1 Days | -97.5% |
Summary: Homes in Belle Meade had an average of 1 days on market in Oct 2024, down by 97.5% compared to last year.
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.
Summary: During October 2024, 3 homes were sold in Belle Meade; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.