Market Intelligence · TN / Collierville

Collierville, TN 38017 Housing Market

The typical home in Collierville, TN 38017 is worth $504,970, down 1.4% over the past year. The median list price stands at $604,950, with homes taking a median of 77 days to sell as of September 2026.

Updated September 2026Median value$505K

The median home value in Collierville, TN 38017 is $505K as of September 2026, down 1.4% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 38017 range

$465K to $545K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-1.4% over 12 months

Sep 2025$512K

Low $505KHigh $512K

Sep 2026$505K

The numbers

What is the 38017 housing market like?

As of September 2026

Typical home value

$505K

1.4%YoY

Median list price

$605K

0.2%MoM

Days on market

2.7%MoM

Homes for sale

317

2.8%MoM

Price cuts

30.3%

11.8%MoM

New listings

15.8%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

38017 housing market forecast 2027

-0.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 38017 to stay roughly flat by September 2027 (down 0.3%).

Over the 12 months through September 2026, typical home values in 38017 fell 1.4%, per the Zillow Home Value Index.

Will home prices drop in 38017?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 38017 to stay roughly flat by September 2027 (down 0.3%), after a 1.4% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 38017 home prices compare?

38017$504,970
Collierville$504,970
Tennessee$265,881
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Collierville: 1 ZIP; Tennessee: 587 ZIPs; United States: 26,262 ZIPs).

Context

Collierville's market shows signs of cooling. There are 317 homes for sale, with 64 new listings added in September 2026. Nearly one-third of listings, 30.3%, have seen price reductions. The median time on market of 77 days reflects buyer hesitation in a shifting environment. If you're thinking about selling, this is a buyer's market, and pricing strategically matters more than usual.

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Down payment20% · $100,994

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Common questions

What people ask us.

What is the typical home value in 38017?

The typical home value in Collierville is $504,970, down 1.4% from the previous year as of September 2026.

How long do homes typically stay on the market?

Homes in 38017 have a median days on market of 77 as of September 2026.

What share of homes are being price-reduced?

As of September 2026, 30.3% of listings in Collierville have a price cut.

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Nearby ZIP markets.

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