New Homes in Collierville, TN

In the early 20th century, Collierville arose as a dairy town when Swift and Company established a cheese plant. Today, it’s a city in Shelby County known for its small-town vibe with metropolitan amenities, giving the residents the best of both worlds. As a popular location in Tennessee, you may wonder about the neighborhood, what home listings are available and what you can expect to pay. We have some information to share. 

How Much Do New Homes for Sale in Collierville, TN, Cost?

The median home price in Collierville, TN, is $690,000 as of March 2023. The median sale price for a two-bedroom home is $445,000, while a five-bedroom home has a median sale price of $710,000. You can find some homes for under $300,000 and others that far exceed the median. 

What Are the Benefits of Buying a New Home in Collierville?

Buying a new home allows you to move right in without extra work because you won’t have any repairs or updates to complete first. If you work with a builder, you can customize the home to meet your needs, choose the floor plan and actively participate in the designs.  

When you opt for a brand-new home, they’re usually more energy efficient in terms of the HVAC and other systems. As a result, you may pay less for your energy expenses. New homes follow the most recent codes, so you can rest assured your home is as safe as possible. Plus, the routine maintenance of a new home listing is also less, saving you time and money in the long run. 

Besides the advantages of a new home, living in one of the communities in Collierville has its share of benefits. For instance, you can beat the heat in the summer at one of the community pools. Some developments have their own pools for residents. The city also has many parks nearby. 

You have many outstanding neighborhoods to choose from in Collierville, such as Oak Hill, Magnolia Preserve, and Cypress Grove.

How Many New Homes Are for Sale in Collierville, TN?

As of February 2023, there were over 40 new construction listings in Collierville, not including the number of listings for undeveloped properties.

How Long Will It Take To Build?

Construction times vary depending on the size of the home and its features. However, most houses take about seven months to complete.

At the start of the project, the builders must obtain the appropriate permits. Then, the construction process begins within a month. During construction, the weather, home size, and any special features requested can impact the build time and how long it is before you can move in. 

Whether it’s a prefabricated home or one you fully customize also impacts the building time. Prefabricated houses take less time to build, usually about six months. Built-for-sale homes take less time than ones you fully customize since construction companies typically have built the home before, so there’s less hassle when gaining the necessary approval.

Does the Price Include the Lot?

You can find new construction listings that include the home site cost. But if you’re having the new construction custom-built, you may need to purchase the home site separately. You can see if the price of the lot is included by reading the listing. Some options let you find the land throughout the area, while others are for a specific development in the city. 

We do things differently at Magnolia Homes by providing an Online Sales Counselor to give you all the answers you need. Feel free to give Kelsey a call at 901-309-0710 or fill out the form!