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 2021

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.

How much do homes in Collierville, TN cost?

Median Sold Price

$498,384

-

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$60,177(+13.7%)

Key Takeaway

Homes in Collierville have sold for 13.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 --
N/A
2 $286.7K$263.5K
-8.1%
3 $300K$350K
+16.7%
4 $423.5K$490.8K
+15.9%
5+ $526.2K$625K
+18.8%

Median Sold Price Compared To Nearby Cities

Eads
+22.4%
Collierville
+13.7%
Germantown
+11.6%
Piperton
+0.6%

How many homes are available in Collierville, TN?

Number of Homes For Sale

Apr 2022May 2022%
237257+8.4%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 11
0.0%
3 5555
0.0%
4 106118
+11.3%
5+ 7583
+10.7%

Number of Homes Sold

Apr 2022May 2022%
6979+14.5%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

42 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Collierville, you could pay more than the asking price. 53.2% of homes here sold above asking price last month.

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

About Collierville, TN

Number of homes for sale in Collierville, TN real estate market have reached 257. The inventory of homes for sale in Collierville, TN between April 2022 and May 2022 increased by 8.4%. Real estate listing prices changed between April 2022 and May 2022: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 8.1% more cheaper, prices of 3 bedrooms properties went up by 16.7%, 4 bedrooms properties prices increased by 15.9%, prices of 5 bedrooms properties increased by 18.8%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes have not changed, the quantity of 3 bedrooms homes have not changed, number of 4 bedrooms homes increased by 11.3%, number of 5 bedrooms homes increased by 10.7%. In May 2022 more than 42 listings in Collierville, TN were sold above the asking price. During the same period more than 21 listings were sold at asking price, while more than 16 were sold below.

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