Is Collierville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Collierville has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $223.5K | $370K | +65.5% |
3 Bedrooms | $362.5K | $385K | +6.2% |
4 Bedrooms | $517.5K | $525K | +1.4% |
5+ Bedrooms | $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 | $472.5K | $489.3K | +3.6% |
Collierville | $541K | $534.8K | -1.2% |
Housing Supply in Collierville, TN
How many homes are available in Collierville, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
325 | 387 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 7 | +133.3% |
3 Bedrooms | 68 | 72 | +5.9% |
4 Bedrooms | 143 | 160 | +11.9% |
5+ Bedrooms | 111 | 148 | +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 2024 | May 2024 | CHANGE |
---|---|---|
60 | 72 | +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
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