Are Home Prices Rising or Falling in Belle Meade, TN?
The median home in Belle Meade, a city near Nashville, TN, now tops $4 million after a 37% year-over-year jump, though that figure reflects a very small number of sales. Here's what the data shows and what buyers and sellers should keep in mind.
The National Picture
Nationally, prices have edged up 2% to a median of $398,596 in the 3 months ending August 2026. For the typical U.S. household earning about $87,599, the share of income going to housing has actually dropped to around 34%, down about 2 percentage points from last year. About 20% of listings have had a price reduction, homes sell in a median of 50 days, and there are roughly 4 months of supply on the market.
Home Prices in the Nashville Area
The median home across the Nashville metro sells for about $480,000. A typical metro household earns around $96,448 and spends 36.3% on housing, down 1.5 percentage points from a year ago. Belle Meade's $4.3 million median exists in an entirely different stratum, where national and metro-level trends have limited relevance.
Ultra-Luxury Prices Spike on Thin Volume
Belle Meade's median sale price jumped 37% to $4,297,155, but only 13 homes changed hands during the period. In a market this small, a few high-value closings can move the needle dramatically. About 21% of active listings carry a price cut, and homes take a median of 71 days to sell. Just 7.7% sold above asking, with the average sale at 96% of list price. Nearby Forest Hills, another luxury enclave, moved in the opposite direction with an 9% decline.
Why Are Prices Higher in Belle Meade?
The jump reflects the composition of recent sales more than a fundamental shift in demand. Pending sales rose about 31%, but active listings also grew 29% and there are 5.4 months of supply. New listings dropped 17%, which may have limited the range of price points available. When fewer than 15 homes sell in a period, the median is heavily influenced by whichever properties happen to close. The overall market dynamics — a sub-97% sale-to-list ratio and 21% of listings reduced — suggest sellers are not in an especially strong position despite the median's climb.
| City | Median Price | Price YoY | Price Drops | Months of Supply |
|---|---|---|---|---|
| Belle Meade ★ | $4,297,155 | +37.3% | 21.4% | 5.4 |
| Forest Hills | $2,254,508 | -8.7% | 39.6% | 4.1 |
| Oak Hill | $1,848,777 | +45.0% | 41.1% | 4.6 |
| Brentwood | $1,424,058 | +5.1% | 35.9% | 4.2 |
| Franklin | $862,929 | +12.4% | 30.3% | 3.6 |
| Nolensville | $929,385 | -7.1% | 29.2% | 3.9 |
Limited to cities with at least 10 home sales in the period.
All data comes from Redfin and represents a 3 months ending August 2026. This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. Check the Redfin Data Center for additional in-depth housing market data.
