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

Housing Market Conditions



Gauge showing Collierville is a seller'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



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

# BEDSAug 2022Aug 2023CHANGE
1 --
2 -$382.5K
3 $380K$385K
4 $455K$561K
5+ $690K$699.9K

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


Housing Supply

How many homes are available in Collierville, TN?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

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

# BEDSJul 2023Aug 2023CHANGE
1 00
2 53
3 6068
4 124126
5+ 115120

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 2023Aug 2023CHANGE

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

20 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. 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.

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

Report Updated 29 Days Ago

Newest Listings

Nearby Markets

What housing markets are near Collierville, TN?