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Featured local agent — Collierville, TN
Sarah Mitchell
Compass Real Estate · Collierville, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Collierville, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$517,000median sale price
How is the Collierville, TN housing market right now?
The median home sale price in Collierville, TN is $517,000, down 5.8% year-over-year. Homes sell in an average of 27 days with 232 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Collierville a buyer's or seller's market?
Collierville, TN is currently a seller's market, based on 2.7 months of supply and homes selling in about 27 days. How we determine this →
Homes sold
86
Last 12 weeks
Days on market
27
Average pace
Active listings
232
2.7 months supply
Sale-to-list
98.2%
Below asking
What does the Collierville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $517,000 |
| Median list price | $559,900 |
| Year-over-year price change | -5.8% |
| Average days on market | 27 days |
| Active inventory | 232 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 98.2% |
| Median price per sq ft | $171/sq ft |
| Homes sold (latest month) | 86 |
| New listings (latest month) | 79 |
| Listings with a price cut | 34.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Collierville by property type?
How the Collierville, TN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $542,450 | $171/sq ft | 82 | 28 days |
| Condo / Co-op | $405,000 | — | 3 | 7 days |
| Townhouse | $390,000 | $192/sq ft | 1 | 5 days |
Source: Redfin · Updated monthly
The Collierville housing market is currently classified as a seller's market with a median sale price of $517,000. Prices have fallen 5.8% compared to last year, with homes spending an average of 27 days on market, indicating 2.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.8x provides context for how home values compare to local earning capacity.
Homes for sale in Collierville
There are currently 232 homes listed for sale in Collierville, Tennessee. The median listing price is $560K.
Active listings
232
Homes on market
Median list price
$560K
Avg. days on market
27
Days until sale
New this week
79
Newly listed
Who lives in Collierville?
Population
51,212
Median income
$134,319/yr
Median age
39.8 years
Owner-occupied
80.7%
College grads
60.6%
Avg commute
25.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Collierville?
Zillow home value
$516,172
Zillow rent index
$1,956/mo
Price-to-rent ratio
22.0x
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Collierville?
Collierville is a community of approximately 51K residents with a median age of 39.8 years.The median household income is $134,319, which reflects a relatively affluent area with strong earning potential. 60.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 80.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Collierville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Collierville?
10 schools tracked · 9,367 students
The largest public schools serving Collierville, TN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Collierville High School
Grades 9-12 · 2,998 students
West Collierville Middle School
Grades 6-8 · 1,360 students
Bailey Station Elementary School
Grades PK-5 · 842 students
Collierville Middle School
Grades 6-8 · 785 students
Collierville Elementary School
Grades PK-5 · 779 students
Crosswind Elementary School
Grades K-5 · 670 students
Tara Oaks Elementary School
Grades PK-5 · 649 students
Sycamore Elementary School
Grades PK-5 · 599 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Collierville, TN?
Want a head-to-head view? Compare Collierville side-by-side with any other U.S. city using our market-comparison tool.
Is Collierville a good real estate investment market?
For investors evaluating Collierville, the price-to-rent ratio of 22.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 5.8% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Collierville's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Collierville's median home price.
Frequently asked questions
What is the average home price in Collierville?
The median home sale price in Collierville is $517,000, down 5.8% from last year.
How long do homes stay on market in Collierville?
Homes typically spend 27 days on market before going under contract.
What is the median income in Collierville?
The median household income is $134,319 per year.
Is Collierville a buyer's or seller's market?
With 2.7 months of supply, Collierville is currently a seller's market.
What is the Zillow home value estimate for Collierville?
The Zillow Home Value Index (ZHVI) for Collierville is $516,172, representing the typical home value in the area.
What is the median condo price in Collierville?
The median condo/co-op sale price in Collierville, TN is $405,000, compared to $542,450 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Collierville?
The median single-family home price in Collierville, TN is $542,450 (about $171 per square foot).
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