Collier, Clarksville, TN Homes for Sale

Collier, Clarksville, TN Homes for Sale March 1, 2024
14
Listed
65
Avg. DOM
$173.14
Avg. $ / Sq.Ft.
$249,500
Med. List Price
14 Properties
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Introduction to Collier, Clarksville, TN

Welcome to Collier, a charming neighborhood nestled in the heart of Clarksville, TN. This area has been gaining traction among homebuyers for its unique blend of suburban tranquility and easy access to city amenities. Whether you're a first-time homebuyer or looking for your next investment, Collier offers an array of options to fit diverse preferences and budgets.

Collier Clarksville TN Homes

Recent Market Trends in Clarksville

The real estate market in Clarksville, including the Collier neighborhood, is currently experiencing a significant upswing. Let's dive into some numbers that paint a vivid picture of this growth:

Soaring Median Sales Price

In December 2023, the median sales price of homes in Clarksville was a robust $329,200, a remarkable jump from $280,900 the previous year. This 17% year-over-year increase is a clear indicator of a strong seller's market, reflecting both the growing demand and the rising value of properties in the area.

Reduced Days on Market

Homes in Clarksville are selling at a breakneck pace. The average home now spends just 72 days on the market, compared to a lengthier 695 days in the past. This rapid turnaround is a testament to the high demand for properties in the area, with buyers eager to secure their spot in this thriving community.

Seller's Advantage

Clarksville's real estate market is tilted in favor of sellers. With an increasing number of buyers vying for a limited number of available homes, sellers are often in a position to negotiate deals that meet or exceed their asking price. This dynamic creates a competitive environment for buyers but also offers a great opportunity for sellers to maximize their investment.

Current Home Values and Appreciation Rates in Clarksville

Clarksville's real estate market is characterized by a blend of affordability and steady appreciation, making it an attractive option for homebuyers and investors. The median home value in Clarksville stands at around $266,713. Homes here showcase a range of prices, with a significant portion falling in the $156,001 to $313,000 range, catering to a broad spectrum of budgets and preferences.

Collier Clarksville Homes

Steady Appreciation of Homes

The appreciation rates in Clarksville are a testament to its growing real estate market. Over recent years, the area has seen consistent increases in home values, reflecting the city's economic growth and its appeal as a residential destination.

Understanding the Seller's Market in Clarksville

Currently, Clarksville's real estate market heavily favors sellers, influenced by various factors including the pace of sales and pricing dynamics.

Swift Sales and Competitive Pricing

Properties in Clarksville are selling quickly, often in about 72 days on average, emphasizing the high demand. This brisk pace is advantageous for sellers, as it often leads to competitive pricing, with many homes selling close to or above their listing prices.

Advantageous Market for Sellers

The seller's market in Clarksville indicates a stronger negotiating position for sellers, driven by a higher demand for homes than the available inventory. This dynamic often results in favorable sale conditions for sellers, including higher sale prices and quicker closing times.

Demographics and Lifestyle in Clarksville

Clarksville, a vibrant city with a diverse demographic profile, is an appealing choice for families, young professionals, and retirees. The median age here is 32, slightly younger than the national average, indicating a youthful and dynamic community. Education is a priority in Clarksville, with a high percentage of residents holding at least a high school diploma. The average household income in the city is around $54,000, and the community prides itself on its mix of urban and suburban living, offering a lifestyle that balances work and leisure seamlessly.

Collier Homes

Educational Landscape

Education in Clarksville is diverse, with over 32 public schools and 23 private schools, catering to a wide range of educational needs and preferences. The public schools average a rating of 6 out of 10, with several standout institutions offering excellent educational opportunities.

Real Estate Market Predictions for 2024

Looking ahead, the real estate market in Clarksville, including the Collier neighborhood, is poised for continued growth and stability. The average home value in the city has seen a steady increase, currently standing at around $296,736. This growth trend is expected to sustain, with modest fluctuations indicating a stable market conducive to both buying and selling.

Forecast and Trends

The forecast for 2024 suggests a resilient housing market in Clarksville, with a predicted minimal change of -0.2% by early 2024, followed by a projected increase of 1.4% by the end of the year. This forecast underscores the city's potential as a promising area for real estate investment and homeownership.

Snapshot of Recent Home Sales in Collier

Recent home sales in the Collier area of Clarksville, TN, have showcased a variety of properties, appealing to a range of buyers. These homes vary in size, style, and price, reflecting the diversity and appeal of the neighborhood. For instance, properties such as a 3-bedroom, 2-bath home with 1,500 sq ft and modern amenities like LVP waterproof flooring and a fully tiled master shower have been popular. Homes in this area have sold for prices ranging from the mid-$300,000s to over $800,000, accommodating a wide spectrum of budgets.

Schools and Education in Clarksville

Education in Clarksville is supported by the Montgomery County School District, encompassing 42 schools and serving over 37,000 students. The district holds a rating of 6 out of 10, placing it above average in Tennessee. Public schools in the district offer a mix of educational environments, with a strong focus on providing quality instruction. The district's student-to-teacher ratio is slightly higher than the state average, with 18 students per classroom compared to the state's 15. This dynamic educational landscape contributes to the appeal of Clarksville for families looking for diverse and effective schooling options.

Collier Neighborhood Profile

Collier Estates in Clarksville, Tennessee, is characterized by its well-established and cozy homes. These homes, mostly built between 1960 and 1967, offer a touch of vintage charm combined with modern conveniences. The neighborhood features single-family homes, predominantly with 3 bedrooms and 1 to 2 bathrooms. The sizes of these homes range from 1,092 to 1,820 square feet. Collier Estates is known for its affordability, with recent home prices ranging from $171,100 to $216,000 and a median sale price of about $182,500.

Exploring Opportunities in Clarksville's Real Estate

Clarksville, including the Collier neighborhood, offers a vibrant real estate market with opportunities for both buyers and sellers. The city's diverse demographic profile, growing economy, and educational options make it a desirable place to live. For those considering a move or investment in Clarksville, the Collier neighborhood stands out as an affordable and charming option with homes that blend historical appeal with modern amenities.

Summary: This article has explored the dynamic real estate market in Collier, Clarksville, TN. We've delved into market trends, home values, demographics, and education, providing a comprehensive view for potential buyers and sellers. Whether you're attracted to the affordability of Collier Estates or the educational opportunities in Clarksville, this neighborhood offers a unique blend of comfort, convenience, and investment potential.