Is Germantown, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Germantown is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Germantown has remained a Seller's Market.

Key Takeaway

Germantown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Germantown, WI

How much do homes in Germantown, WI cost?

Median Sold Price

$409,900

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$51,900(+14.5%)

Key Takeaway

Homes in Germantown have sold for 14.5% more than they did a year ago.

Summary: The median home sold price in Germantown was $409,900 in May 2024, up 14.5% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $130.5K$176.5K
+35.2%
2 $199K$206.2K
+3.6%
3 $364.7K$410K
+12.4%
4 $480K$540K
+12.5%
5+ $471.2K$573.2K
+21.6%

Summary: Germantown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.2%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 21.6%.

Median Sold Price Compared To Nearby Cities

Colgate
+28.7%
Germantown
+14.5%
Menomonee Falls
+12.0%
Hubertus
+10.1%
Richfield
+5.8%

Housing Supply in Germantown, WI

How many homes are available in Germantown, WI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6273+17.7%

Summary: The Germantown real estate market had 73 homes for sale in May 2024, a 17.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 1412
-14.3%
3 2936
+24.1%
4 1618
+12.5%
5+ 25
+150.0%

Summary: The Germantown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1816-11.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Germantown, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in Germantown in May 2024, down by 11.1% month-over-month. Of the 16 sold homes, 31% were sold under asking, 25% were sold at asking, and 44% were sold over asking.

Days on Market for Germantown, WI

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Germantown, WI

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