Bryan Realty

Collierville, TN

Single-Family Homes

Market Report / michael@bryanrealty.com



Collierville, TN

Tue Sep 28 2021
This week the median list price for Collierville, TN is $700,000 with the market action index hovering around 67. This is less than last month's market action index of 69. Inventory has increased to 69. Click here to stay informed with the Collierville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Collierville, TN

Tue Sep 28 2021
This week the median list price for Collierville, TN is $700,000 with the market action index hovering around 67. This is less than last month's market action index of 69. Inventory has increased to 69. Click here to stay informed with the Collierville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Collierville market.
Median List Price $700,000
Median Price of New Listings $580,000
Per Square Foot $177
Average Days on Market 95
Median Days on Market 28
Price Decreased 19%
Price Increased 4%
Relisted 3%
Inventory 69
Median Rent $1,905
Market Action 67
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$899,000 4,749 1 - 2.5 acres 5 4 2 4 0 28
$774,900 4,249 0.5 - 1 acre 4 4 4 2 0 63
$598,900 3,499 8,000 - 10,000 sqft 4 3 0 2 4 21
$450,000 2,699 0.25 - 0.5 acre 3 2 28 7 6 10