Is Collierville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Collierville was a Buyer'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
$534,812
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Collierville have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Collierville was $534,812 in April 2024, up 3.3% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $370K | +85.0% |
| 3 Bedrooms | $375K | $375K | 0.0% |
| 4 Bedrooms | $504.9K | $520.2K | +3.0% |
| 5+ Bedrooms | $700K | $689.9K | -1.4% |
Summary: Collierville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 85%, 3 bedroom homes did not change, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Germantown | $450K | $495.7K | +10.2% |
| Collierville | $517.5K | $534.8K | +3.3% |
Housing Supply in Collierville, TN
How many homes are available in Collierville, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 286 | 342 | +19.6% |
Summary: The Collierville real estate market had 342 homes for sale in April 2024, a 19.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 61 | 73 | +19.7% |
| 4 Bedrooms | 122 | 150 | +23.0% |
| 5+ Bedrooms | 98 | 116 | +18.4% |
Summary: The Collierville housing inventory by bedroom type for April 2024 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 19.7%, 4 bedroom homes increased by 23%, and 5+ bedroom homes increased by 18.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 52 | -18.8% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
13 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. 48.1% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Collierville in April 2024, down by 18.8% month-over-month. Of the 52 sold homes, 48% were sold under asking, 25% were sold at asking, and 27% were sold over asking.
Days on Market for Collierville, TN
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Collierville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 52 homes were sold in Collierville; 2% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.