Collierville, TN
Housing market overview · Updated weekly
$482,500median sale price
Homes sold
38
Last 12 weeks
Days on market
116
Average pace
Active listings
194
5.1 months supply
Sale-to-list
97.9%
Below asking
The Collierville housing market is currently classified as a buyer's market with a median sale price of $482,500. Prices have fallen 7.7% compared to last year, with homes spending an average of 116 days on market, indicating 5.1 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Collierville?
The median home sale price in Collierville is $482,500, down 7.7% from last year.
How long do homes stay on market in Collierville?
Homes typically spend 116 days on market before going under contract.
Is Collierville a buyer's or seller's market?
With 5.1 months of supply, Collierville is currently a buyer's market.
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