Belle Meade Real Estate Trends: January 2023 Market Analysis and Insights
We prepare a Belle Meade Real Estate market report on a monthly basis and publish it on the fourth week of each month, reflecting data from the previous month. Contact us if you would like to receive this directly in your inbox and can unsubscribe any time.
How is the Belle Meade Real Estate Market Doing?
There are currently 18 homes for sale in Belle Meade (compared to 7 same month last year):
- Highest priced listing $24,995,000 for new home under construction at 7235 Belle Meade Blvd with 14,123 Sq. Ft, on 21,675 Sq. Ft. lot with 130′ of water frontage – 9 bedrooms / 9 bathrooms / 2 half-baths ($1770/Sq.Ft.)
- Lowest priced listing is $1,025,000 for the 2 bedroom / 1 bathroom home at 940 NE 75th St that includes fully approved and permitted plans – house has 1,154 Sq.Ft. on 7,300 Sq.Ft. lot ($888/Sq.Ft.)
- Pending Sales (Properties under contract): 4
- Median Sales Price in January: $1,375,000 (compared to $2,322,500 in January of 2022)
- Closed sales in January 2023: 2 (same as in January of 2022)
What is the average price per square foot in Belle Meade?
Belle Meade Waterfront Sales
There were no waterfront homes sold in January this year, the average sold price per square foot in Belle Meade for waterfront homes in January of 2022 was $718. Previous averages are as follows:
Belle Meade Non-Waterfront Sales (Dry Lots)
The average sold price per square foot in Belle Meade for homes not on the water in January 2023 was $798, compared to $470 in January of 2022. Previous averages are as follows:
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.
- Switch to Buyer’s market with 11 months of inventory (this is due to decrease in sales / not prices)
- Average Sales Price is $2.7 Million
- Average Discount is 7%
- Sweet spot in sales: homes between over $2 Million
- 87.5% of buyers are primary residents
- Buyers coming from US, Brazil, Colombia and France