Bellevue, Nashville, TN - Welcome to our new report on the housing market in Bellevue, a beautiful suburb nestled in the hills of West Nashville. This area is known for its appealing blend of competitive pricing, rising property values, and a harmonious mix of both new and established neighborhoods.

October 2023 Housing Market Insights:

The median sale price for single-family homes has reached $617,000, reflecting a consistent growth trend, with a 1% increase month-over-month and year-over-year.

Homes are selling more quickly than before. The average time on the market has decreased to just 16 days, marking a significant 15% drop since last month and a 16% decline compared to the previous year.

The months of supply have seen a substantial rise to 3.7, a 43% increase from last month and a 42% rise year-over-year, suggesting an expanding selection for prospective buyers.

The total inventory of homes is holding steady, with 163 properties available, maintaining last month's numbers but showing a 15% decrease from the same period last year.

Stay tuned for more updates as we continue to monitor the dynamic Bellevue housing market.

Leigh Ann Parkinson, REALTOR®
Seller Representative Specialist
Accredited Buyer Representative
REAL BROKER
Phone: 615-952-1188

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