Is Collierville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Collierville has remained a Seller's Market.
Key Takeaway
Collierville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Collierville, TN cost?
Median Sold Price
$553,866
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Collierville have sold for 16.1% more than they did a year ago.
Summary: The median home sold price in Collierville was $553,866 in August 2023, up 16.1% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $382.5K | N/A |
| 3 Bedrooms | $380K | $385K | +1.3% |
| 4 Bedrooms | $455K | $561K | +23.3% |
| 5+ Bedrooms | $690K | $699.9K | +1.4% |
Summary: Collierville housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Collierville | $477.2K | $553.8K | +16.1% |
| Germantown | $458K | $500K | +9.2% |
Housing Supply
How many homes are available in Collierville, TN?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 304 | 317 | +4.3% |
Summary: The Collierville real estate market had 317 homes for sale in August 2023, a 4.3% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 60 | 68 | +13.3% |
| 4 Bedrooms | 124 | 126 | +1.6% |
| 5+ Bedrooms | 115 | 120 | +4.3% |
Summary: The Collierville housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 78 | 77 | -1.3% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Collierville, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 77 homes were sold or pending in Collierville in August 2023, down by 1.3% month-over-month. Of the 77 sold homes, 43% were sold under asking, 31% were sold at asking, and 26% were sold over asking.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2023 of the REALTRACS MLS. All rights Reserved.