Home Values

Collierville Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$266,200

  • 2.6% 1-year change
  • 3.3% 1-year forecast

The median home value in Collierville is $266,200. Collierville home values have gone up 2.6% over the past year and Zillow predicts they will rise 3.3% within the next year. The median list price per square foot in Collierville is $101, which is higher than the Memphis Metro average of $75. The median price of homes currently listed in Collierville is $340,000 while the median price of homes that sold is $285,050. The median rent price in Collierville is $1,675, which is higher than the Memphis Metro median of $900.

Foreclosures will be a factor impacting home values in the next several years. In Collierville 2.7 homes are foreclosed (per 10,000). This is lower than the Memphis Metro value of 7.4 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Collierville is 2.5%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Collierville homeowners underwater on their mortgage is 9.1%, which is lower than Memphis Metro at 24.8%.

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Relative ZHVI
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Collierville Market Overview

Data through Dec 31, 2014
  • $266,200 ZHVI
  • 3.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $340,000 Median listing price
  • $285,050 Median sale price
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Collierville Market Health

Data through Dec 31, 2014
  • 6.5/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 9.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 2.5% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.7 homes Collierville
7.4 homes Memphis Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Germantown $281,500
Hickory Withe $279,200
Lakeland $242,800
Name Median ZHVI
Arlington $204,400
Bartlett $158,900
Oakland $150,700
Name Median ZHVI
Moscow $131,000
Memphis $66,700
 

Listings & Sales

Data through Dec 31, 2014
  • $101 Median list price / sq ft
  • $100 Median sale price / sq ft
  • 16.9% Listings with price cut
28.3%
Sold below listing
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Collierville Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,911 Collierville
    $1,063 Memphis Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,675 Rent list price
  • $0.79 Rent list price / sq ft
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