Is Collierville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Collierville was a Neutral Market.
Key Takeaway
Collierville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Collierville, TN
How much do homes in Collierville, TN cost?
Median Sold Price
$524,950
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Collierville have sold for 1.1% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $403.5K | $353K | -12.5% |
| 3 Bedrooms | $335.5K | $400K | +19.2% |
| 4 Bedrooms | $465K | $500K | +7.5% |
| 5+ Bedrooms | $680K | $609K | -10.4% |
Summary: Collierville housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 10.4%.
Housing Supply in Collierville, TN
How many homes are available in Collierville, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 229 | 292 | +27.5% |
Summary: The Collierville real estate market had 292 homes for sale in March 2024, a 27.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 47 | 63 | +34.0% |
| 4 Bedrooms | 102 | 128 | +25.5% |
| 5+ Bedrooms | 75 | 96 | +28.0% |
Summary: The Collierville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 34%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes increased by 28%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 61 | +74.3% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Collierville, you may be able to get a good deal. 52.5% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in Collierville in March 2024, up by 74.3% month-over-month. Of the 61 sold homes, 52% were sold under asking, 26% were sold at asking, and 21% were sold over asking.
Days on Market for Collierville, TN
We’re sorry, we don't have information for this market at the moment
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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