Bryan Realty

Collierville, TN

Single-Family Homes

Market Report / michael@bryanrealty.com



Collierville, TN

Tue Oct 15 2019
This week the median list price for Collierville, TN is $504,900 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 193. 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.

Slight Seller's Advantage

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 Oct 15 2019
This week the median list price for Collierville, TN is $504,900 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 193. 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.

Slight Seller's Advantage

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 $504,900
Per Square Foot $134
Days on Market 108
Price Decreased 43%
Price Increased 7%
Relisted 12%
Inventory 193
Median House Rent $1,800
Most Expensive $1,949,000
Least Expensive $180,000
Market Action Index
Slight Seller's Advantage
39

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

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
$749,950 4,749 1 - 2.5 acres 5 4 4 2 3 156
$561,500 3,899 0.25 - 0.5 acre 5 4 0 2 3 137
$447,700 3,899 0.25 - 0.5 acre 5 3 20 6 4 75
$345,000 2,899 0.25 - 0.5 acre 4 2 26 7 9 64