Colonial Acres Housing Market Report May 2025•Shelby County, Tennessee

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Housing Prices in Colonial Acres, TN

How much do homes in Colonial Acres, TN cost?

Housing Market Conditions

Is Colonial Acres, TN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Colonial Acres is a Neutral Market

Difference Since April 2025

Last month, Colonial Acres was a Seller's Market.

Insight

Colonial Acres is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$210,000–
-$32,358
-13.4%

Based on all homes sold in May 2025

Insight

Homes in Colonial Acres have sold for 13.4% less than they did a month ago.

Summary: The median home sold price in Colonial Acres was $210,000 in May 2025, down 13.4% from last month, and the median price per square foot was $0.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Southeast Memphis
+46.8%
Sea Isle Park
+14.9%
Audobon Square
-12.7%
Colonial Acres
-13.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2025May 2025Change MoM
1--
N/A
2$219.7K$201.5K
-8.3%
3$265K$210K
-20.8%
4$231K$192.7K
-16.6%
5--
N/A

Summary: Colonial Acres housing price by bedroom type for May 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -8.3%. The home price for 3 bedroom homes decreased by -20.8%. The home price for 4 bedroom homes decreased by -16.6%. The home price for 5 bedroom homes did not change.

How does Colonial Acres, TN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Colonial Acres, TN

Housing supply in Colonial Acres, TN

How many homes are available in Colonial Acres, TN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
80Last MonthMay 2025
692 months agoApr 2025
+15.9 %
Change MoMApr – May

Summary: The Colonial Acres real estate market had 80 homes for sale in May 2025, a 15.9 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
13Last MonthMay 2025
122 months agoApr 2025
+8.3 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
266
0.0%
35262
+19.2%
41112
+9.1%
500
0.0%

Summary: Colonial Acres housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +19.2%. The inventory for 4 bedroom homes increased by +9.1%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Colonial Acres, TN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price4 Homes

At Asking Price3 Homes

Under Asking Price6 Homes

Insight

If you're buying a home in Colonial Acres, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Colonial Acres in May 2025, up by 8.3% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and and 31% were sold over asking.

Days on Market for Colonial Acres, TN

We’re sorry, we don't have information for this market at the moment.

Home sale times aren’t available for this area.

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Newest Listings in Colonial Acres, TN

What homes are available in Colonial Acres, TN?

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MLS Disclaimers and Copyright

Based on information from Memphis MLS, for the period 04/01/2025 - 06/01/2025

Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2025, 10:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.