$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 November 2023
At the same time last year, Belle Meade was a Seller's Market.
Key Takeaway
Belle Meade is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Belle Meade, TN
How much do homes in Belle Meade, TN cost?
Median Sold Price
$3,092,000
$772/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$257,000(+9.1%)
Key Takeaway
Homes in Belle Meade have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Belle Meade was $3,092,000 in November 2024, up 9.1% from last year, and the median price per square foot was $772.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.9M | $949.5K | -51.3% |
| 3 Bedrooms | $1.8M | $1.6M | -12.5% |
| 4 Bedrooms | $2.9M | $3.1M | +7.9% |
| 5+ Bedrooms | $4.3M | $4.8M | +10.4% |
Summary: Belle Meade housing prices by bedroom type for November 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 12.5%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Cities
| Belle Meade | $2.8M | $3.0M | +9.1% |
| Forest Hills | $1.9M | $2.1M | +6.3% |
| Nashville | $511.9K | $531.2K | +3.8% |
Housing Supply in Belle Meade, TN
How many homes are available in Belle Meade, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Belle Meade real estate market had 18 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Belle Meade housing inventory by bedroom type for November 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 20%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was 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.
Summary: A total of 1 homes were sold or pending in Belle Meade in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 34 Days | +119.4% |
Summary: Homes in Belle Meade had an average of 34 days on market in Nov 2024, up by 119.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Belle Meade has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Belle Meade; 0% of homes were sold within 30 days, 100% 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.