$3,751 Closing Credit*
$315,900
2,112 SqFt
4 Beds
•2 Full Baths
Jody Williams, Listing Office: Re/Max Traders Unlimited
Is Germantown Hills, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Germantown Hills has remained a Seller's Market.
Key Takeaway
Germantown Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Germantown Hills, IL
How much do homes in Germantown Hills, IL cost?
Median Sold Price
$280,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$19,900(-6.6%)
Key Takeaway
Homes in Germantown Hills have sold for 6.6% less than they did a year ago.
Summary: The median home sold price in Germantown Hills was $280,000 in October 2024, down 6.6% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $149.9K | $138.5K | -7.6% |
| 3 Bedrooms | $240K | $227.5K | -5.2% |
| 4 Bedrooms | $312.5K | $289.5K | -7.4% |
| 5+ Bedrooms | $520K | $425K | -18.3% |
Summary: Germantown Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.6%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 18.3%.
Median Sold Price Compared To Nearby Cities
| Worth Township | $251K | $265K | +5.6% |
| Germantown Hills | $299.9K | $280K | -6.6% |
Housing Supply in Germantown Hills, IL
How many homes are available in Germantown Hills, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Summary: The Germantown Hills real estate market had 13 homes for sale in October 2024, a 13.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Germantown Hills housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 8 | +700.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Germantown Hills, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Germantown Hills in October 2024, up by 700.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.
Days on Market for Germantown Hills, IL
How long does it take to sell a home in Germantown Hills, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 23 Days | +172.1% |
Summary: Homes in Germantown Hills had an average of 23 days on market in Oct 2024, up by 172.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Germantown Hills are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Germantown Hills; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.