Is Collierville, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Collierville is a seller's market

Buyer's
Market

Difference Since May 2023

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 in Collierville, TN

How much do homes in Collierville, TN cost?

Median Sold Price

$534,812

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$6,249(-1.2%)

Key Takeaway

Homes in Collierville have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in Collierville was $534,812 in May 2024, down 1.2% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $223.5K$370K
+65.5%
3 $362.5K$385K
+6.2%
4 $517.5K$525K
+1.4%
5+ $675K$689.9K
+2.2%

Summary: Collierville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 65.5%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Cities

Germantown
+3.6%
Collierville
-1.2%

Housing Supply in Collierville, TN

How many homes are available in Collierville, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
325387+19.1%

Summary: The Collierville real estate market had 387 homes for sale in May 2024, a 19.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 37
+133.3%
3 6872
+5.9%
4 143160
+11.9%
5+ 111148
+33.3%

Summary: The Collierville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
6072+20.0%

Asking Price vs. Sold Price

41 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Collierville, you may be able to get a good deal. 56.9% of homes here sold below asking price last month.

Summary: A total of 72 homes were sold or pending in Collierville in May 2024, up by 20.0% month-over-month. Of the 72 sold homes, 57% were sold under asking, 21% were sold at asking, and 22% were sold over asking.

Days on Market for Collierville, TN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Collierville, TN

Nearby Markets to Collierville, TN

What housing markets are near Collierville, TN?