Is Collierville, TN 38017 a buyer’s or seller’s market?

The Collierville housing market right now

In the three months ending August 31, 2026, 8% of homes in Collierville, TN 38017 sold above their list price, the typical home went under contract in 40 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 251 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (7% then), homes sold more slowly (34 days then) and the median sale price held steady to $554,260. Overall, Collierville is about as competitive as it was a year ago.

Within Shelby County, homes here sell more slowly than in 72% of the county’s ZIP codes, and sell less often over asking than in 75%. On our competition score, Collierville ranks #109 of 299 TN ZIP codes with enough sales (score 34 out of 100).

Nearby, buyers who want less competition could look at Memphis 38105 (0% sold over asking) or Ellendale 38029 (0% sold over asking), while Memphis 38126 (50% sold over asking) and Cordova 38018 (22% sold over asking) are even more competitive.