Bryan Realty

Collierville, TN 38017

Single-Family Homes

Market Report / michael@bryanrealty.com



Collierville, TN 38017

Tue May 28 2024
This week the median list price for Collierville, TN 38017 is $675,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has increased to 211. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Collierville, TN 38017

Tue May 28 2024
This week the median list price for Collierville, TN 38017 is $675,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has increased to 211. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Collierville market.
Median List Price $675,000
Median Price of New Listings $581,000
Per Square Foot $202
Average Days on Market 84
Median Days on Market 42
Price Decreased 35%
Price Increased 4%
Relisted 6%
Inventory 211
Median Rent
Market Action 37
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift 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
$949,950 4,500 0.25 - 0.5 acre 5 4.5 7 5 4 59
$742,000 3,800 0.25 - 0.5 acre 4 4 6 8 3 56
$595,000 3,000 0.25 - 0.5 acre 4 3.5 21 8 5 49
$443,000 2,200 0.25 - 0.5 acre 3 2.5 30 13 14 21