Is Belvidere, TN 37306 a buyer’s or seller’s market?
Belvidere is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Belvidere housing market right now
In the three months ending August 31, 2026, 25% of homes in Belvidere, TN 37306 sold above their list price, the typical home went under contract in 78 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (96 days then) and the median sale price fell 45% to $267,384. Overall, Belvidere is more competitive than a year ago, so tougher for buyers.
Within Franklin County, homes here sell faster than in 57% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Sherwood 37376 (0% sold over asking) or Sewanee 37375 (0% sold over asking).
Run the numbers for 37306
Nearby markets
Cowan 37318Balanced $178 /sq ftDecherd 37324Seller’s market $196 /sq ftEstill Springs 37330Balanced $226 /sq ftHuntland 37345Buyer’s market $191 /sq ft Browse all markets →Towns like Belvidere nearby
Find towns like Belvidere in other states →Where Belvidere is
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Questions about Belvidere real estate
Is Belvidere a buyer’s or seller’s market?
A balanced market: there were 4 months of supply in Belvidere, TN 37306 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Belvidere?
The typical home went under contract in 78 days in the latest three months.
Do homes in Belvidere sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 96.2% of the list price.
What are property taxes in Belvidere?
About 0.53% of a home’s value a year in Franklin County, or roughly $2,120 on a $400,000 home.
What is the median home price in Belvidere?
The median sale price was $267,384 in the three months ending August 31, 2026, about $248 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology