Belle Meade Market Report by Miamism

Belle Meade Real Estate – October 2022 – monthly market report

Welcome to our Belle Meade Real Estate monthly market report – we publish these the last week of the month, so come back to see how the market is doing and how it compares to the past year.

How is the Belle Meade Real Estate Market Doing?

There are currently 18 homes for sale in Belle Meade (compared to 8 same month last year):

  • Highest priced listing $19.9 Million $18.9 Million for the new construction at 1125 Belle Meade Island Dr – waterfront 6/6 with 2 half-baths, 8,222 Sq. Ft. on 12,375 Sq.Ft. lot and 75′ of water frontage ($2,299/Sq.Ft.) – listed since April of 2022
  • Lowest priced listing is $899,000 $849,000 $799,000 for the 3 bedroom / 3 bathrooms home at 760 NE 75th St with 1,311 Sq.Ft. of living space and 5,900 Sq.Ft. lot ($609/Sq.Ft.)
  • Pending Sales (Properties under contract): 3
  • Median Sales Price in October: $5,682,000 (compared to $1,350,000 in October of 2021)
  • Closed sales in October 2022: 2(compared to 5 in October of 2021)

What is the average price per square foot in Belle Meade?

Belle Meade Waterfront Sales

The average sold price per square foot in Belle Meade for waterfront homes in October was $1,778 with one sale, compared to $823 in October of 2021. Previous months’ averages are as follows:

  • September’s average -no sales
  • August’s average – no sales
  • July’s average – $1,324
  • June’s average – $1,228 (one sale)
  • May’s average – $1,156
  • April’s average – $1,688
  • March’s average – no sales
  • February’s average – no sales
  • January’s average $718
  • 2021’s average of $1,060

Belle Meade Non-Waterfront Sales (Dry Lots)

The average sold price per square foot in Belle Meade for homes not on the water in October was $742 with one sale, compared to $594 in October of last year. Previous months’ averages are as follows:

  • September’s average – no sales
  • August’s average – no sales
  • July’s average $822
  • June’s average $877
  • May’s average $825 (only one sale)
  • April’s average $730
  • March’s average $737
  • February’s average $652
  • January’s average $477
  • 2021’s average of $470

Belle Meade Real Estate Micro-Stats

Feel free to download our complete market report for the last 12 months, showing micro-stats for Real Estate Belle Meade.

Belle Meade Real Estate Market Report by Miamism

  • Seller’s market with 2 months of inventory.
  • Average Sales Price is $3.1 Million
  • Average Discount is 5%
  • Sweet spot in sales: homes between $1-$1.5 Million and over $2 Million
  • 82.4% of buyers are primary residents

DOWNLOAD BELLE MEADE 3D MARKET REPORT

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