Is Collierville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Collierville was a Seller's Market.
Key Takeaway
Collierville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Collierville, TN
How much do homes in Collierville, TN cost?
Median Sold Price
$536,750
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Collierville have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Collierville was $536,750 in June 2024, down 1.5% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $223.5K | $366K | +63.8% |
| 3 Bedrooms | $377.5K | $386.2K | +2.3% |
| 4 Bedrooms | $532.4K | $524.9K | -1.4% |
| 5+ Bedrooms | $697.5K | $696K | -0.2% |
Summary: Collierville housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 63.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Piperton | $571K | $618.5K | +8.3% |
| Collierville | $544.9K | $536.7K | -1.5% |
| Germantown | $500K | $481.2K | -3.8% |
Housing Supply in Collierville, TN
How many homes are available in Collierville, TN?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 385 | 404 | +4.9% |
Summary: The Collierville real estate market had 404 homes for sale in June 2024, a 4.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 71 | 68 | -4.2% |
| 4 Bedrooms | 156 | 160 | +2.6% |
| 5+ Bedrooms | 151 | 169 | +11.9% |
Summary: The Collierville housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 11.9%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 80 | 61 | -23.8% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Collierville, you may be able to get a good deal. 50.8% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in Collierville in June 2024, down by 23.8% month-over-month. Of the 61 sold homes, 51% were sold under asking, 26% were sold at asking, and 23% were sold over asking.
Days on Market for Collierville, TN
We’re sorry, we don't have information for this market at the moment
