Collierville Residential Real Estate is Diverse and Affordable with Escalating Values. Attractive housing options are bountiful in Collierville.
An abundant variety of residential housing options exist in Collierville: from beautiful single family homes, large lot estates, emerging multi-family units, town homes, historic downtown living, to independent and assisted living facilities. Collierville offers options and affordability for everyone! Regionally, Collierville is considered the premier address for those seeking affordability, appreciation and stability, with options.
In 2014, the median sales price of a home in Collierville is $286,000, up 2.7%, or $7,550 from the same period one year ago. The average listing price for homes for sale in Collierville is currently $355,855. Average price per square foot currently in Collierville is $104, an increase of 2% compared to the same period last year.
Current Median Home Sales Price
2 bedroom - $220,000
3 bedroom - $249,000
4 bedroom - $329,950
Collierville is considered a Cosmopolitan City by the Demand Institute's 2014 study, "A Tale of 2000 Cities." The analysis also forecasted median home prices in the Memphis MSA to escalate 33% by 2018, the highest in the U.S.
Single Family Homes
According to a 2014 Movoto study, Collierville is the 5th safest city in Tennessee and the 3rd safest for violent crime. Collierville offers a variety of housing options in neighborhoods connected by beautifully unique trials and paths. Our award winning schools are within walking distance to most neighborhoods. Shopping, be it at our historic downtown, voted the "Best Main Street In America", by Parade Magazine, or at the open air regional lifestyle center, is accessible and affordable.
From traditional apartment complexes, to duplexes and condos, Collierville offers renters high value options. A NEW two bedroom, two bath unit, on average, rents for approximately $1300 per month in Collierville. Several new multi-family developments have recently come on the market, offering amenities and price points to meet most renter's needs and desires. For example – The Carrington at Schilling Farms The Signature at Schilling Farms, Westbrook Crossing.
Collierville can truly boast housing options for all price ranges, desires and needs. In Collierville, there are numerous assisted living and senior lifestyle facilities, each offering programs and packages to satisfy most if not all requirements. For example – Schilling Gardens, Culpepper Place, and The Farms at Bailey Station.