$6,519 Closing Credit*
$549,000
4 Beds
•3 Full Baths, 1 Partial
Listing Office: KAIZEN Realty, LLC
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
Since last month, Collierville has remained a Buyer's Market.
Key Takeaway
Collierville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Collierville, TN
How much do homes in Collierville, TN cost?
Median Sold Price
$541,000
-
Based on all homes sold in October 2024.
Difference Since Last Month
-$7,594(-1.4%)
Key Takeaway
Homes in Collierville have sold for 1.4% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $267.5K | N/A |
| 3 Bedrooms | $390K | $389.7K | -0.1% |
| 4 Bedrooms | $530K | $520K | -1.9% |
| 5+ Bedrooms | $641.5K | $705.5K | +10.0% |
Summary: Collierville housing prices by bedroom type for October 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 decreased by 0.1%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
| Piperton | $652.5K | $673.2K | +3.2% |
| Germantown | $474K | $483K | +1.9% |
| Collierville | $548.5K | $541K | -1.4% |
| Eads | $780K | $653.7K | -16.2% |
Housing Supply in Collierville, TN
How many homes are available in Collierville, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 234 | 282 | +20.5% |
Summary: The Collierville real estate market had 282 homes for sale in October 2024, a 20.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 47 | 52 | +10.6% |
| 4 Bedrooms | 82 | 112 | +36.6% |
| 5+ Bedrooms | 102 | 114 | +11.8% |
Summary: The Collierville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 36.6%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 36 | +24.1% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
4 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. 75% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Collierville in October 2024, up by 24.1% month-over-month. Of the 36 sold homes, 75% were sold under asking, 11% were sold at asking, and 14% were sold over asking.
Days on Market for Collierville, TN
We’re sorry, we don't have information for this market at the moment
