$3,473 Closing Credit*
$292,500
3 Beds
•2 Full Baths
Listing Office: Groome & Co.
Is Collierville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 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
$546,250
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$6,250(+1.2%)
Key Takeaway
Homes in Collierville have sold for 1.2% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $267.5K | - | N/A |
| 3 Bedrooms | $389.7K | $402.5K | +3.3% |
| 4 Bedrooms | $499.9K | $542.5K | +8.5% |
| 5+ Bedrooms | $705.5K | $808K | +14.5% |
Summary: Collierville housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 14.5%.
Median Sold Price Compared To Nearby Cities
| Germantown | $483K | $492.5K | +2.0% |
| Collierville | $540K | $546.2K | +1.2% |
| Eads | $653.7K | $535K | -18.2% |
| Piperton | $673.2K | $461.5K | -31.5% |
Housing Supply in Collierville, TN
How many homes are available in Collierville, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 285 | 305 | +7.0% |
Summary: The Collierville real estate market had 305 homes for sale in November 2024, a 7.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 54 | 58 | +7.4% |
| 4 Bedrooms | 108 | 126 | +16.7% |
| 5+ Bedrooms | 119 | 118 | -0.8% |
Summary: The Collierville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 0.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 44 | +12.8% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Collierville, you may be able to get a good deal. 65.9% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Collierville in November 2024, up by 12.8% month-over-month. Of the 44 sold homes, 66% were sold under asking, 23% were sold at asking, and 11% were sold over asking.
Days on Market for Collierville, TN
We’re sorry, we don't have information for this market at the moment
