Is Collinwood, TN 38450 a buyer’s or seller’s market?
Collinwood is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Collinwood housing market right now
In the three months ending August 31, 2026, 0% of homes in Collinwood, TN 38450 sold above their list price, the typical home went under contract in 190 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold more slowly (97 days then) and the median sale price rose 28% to $383,834. Overall, Collinwood is less competitive than a year ago, which gives buyers more room.
Within Wayne County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Clifton 38425 (33% sold over asking) and Waynesboro 38485 (17% sold over asking) are even more competitive.
Run the numbers for 38450
Nearby markets
Clifton 38425Buyer’s market $200 /sq ftCypress Inn 38452Buyer’s market $216 /sq ftIron City 38463Buyer’s market $118 /sq ftLutts 38471 $196 /sq ft Browse all markets →Towns like Collinwood nearby
Find towns like Collinwood in other states →Where Collinwood is
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Questions about Collinwood real estate
Is Collinwood a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Collinwood, TN 38450 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Collinwood?
The typical home went under contract in 190 days in the latest three months.
Do homes in Collinwood sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What are property taxes in Collinwood?
About 0.49% of a home’s value a year in Wayne County, or roughly $1,960 on a $400,000 home.
What is the median home price in Collinwood?
The median sale price was $383,834 in the three months ending August 31, 2026, about $200 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology