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Collierville, TN 38017 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Collierville, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.04
ActiveActive listings: 159159PendingPending sales: 77
Collierville, TN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $615k$615kSoldMedian sold price (last 6 months): $530k$530k
What homes actually sell for in Collierville, TN
Distribution of 541 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $413k to $695k
$273k to $378k: 69 sales$273k$378k to $484k: 133 sales133sales$484k to $589k: 98 sales$484k$589k to $694k: 78 sales$694k to $799k: 52 sales$694k$799k to $904k: 20 sales$904k to $1.01M: 20 sales$904k$1.01M to $1.12M: 16 salesMedian $530k

What the numbers say

As of October 5, 2026, Resideline is tracking 159 active listings and 7 pending sales in ZIP code 38017. That pending-to-active ratio of 0.04 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $615,000, while the median of the 541 closed sales Resideline tracked over the last six months was $530,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 38017 for 81 days.

Frequently asked questions

What is the median home price in 38017?

The median closed sale price in Collierville, TN 38017 was $530,000 over the last six months, based on 541 closed sales tracked by Resideline. The middle half of those sales ranged from $413,000 to $695,000.

Is 38017 a buyer's or seller's market?

Resideline is currently tracking 7 pending sales against 159 active listings in 38017, a pending-to-active ratio of 0.04. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 38017 currently looks like a balanced market.

Nearby ZIP code market data

Full Collierville, TN housing market report →

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