$4,036 Closing Credit*
$339,900
2,575 SqFt
3 Beds
•2 Full Baths, 2 Partial
Michelle Largent, 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 November 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
$289,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,900(-3.6%)
Key Takeaway
Homes in Germantown Hills have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Germantown Hills was $289,000 in November 2024, down 3.6% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $144.9K | $148K | +2.1% |
| 3 Bedrooms | $240K | $230K | -4.2% |
| 4 Bedrooms | $312.5K | $289.5K | -7.4% |
| 5+ Bedrooms | $520K | $405K | -22.1% |
Summary: Germantown Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 22.1%.
Median Sold Price Compared To Nearby Cities
| Worth Township | $253.2K | $266K | +5.0% |
| Germantown Hills | $299.9K | $289K | -3.6% |
Housing Supply in Germantown Hills, IL
How many homes are available in Germantown Hills, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The Germantown Hills real estate market had 13 homes for sale in November 2024, a 18.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 8 | 3 | -62.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Germantown Hills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 62.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Germantown Hills, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Germantown Hills in November 2024, down by 50.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 55 Days | +1005.0% |
Summary: Homes in Germantown Hills had an average of 55 days on market in Nov 2024, up by 1005% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Germantown Hills has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Germantown Hills; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.