$3,028 Closing Credit*
$255,000
838 SqFt
2 Beds
•2 Full Baths
Carolina M Mosquera, Listing Office: Weichert, REALTORS
Is Germantown, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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, MD
How much do homes in Germantown, MD cost?
Median Sold Price
$420,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$25,812(+6.5%)
Key Takeaway
Homes in Germantown have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Germantown was $420,000 in December 2024, up 6.5% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.5K | $226.5K | +4.1% |
| 2 Bedrooms | $300K | $306K | +2.0% |
| 3 Bedrooms | $412.5K | $430K | +4.2% |
| 4 Bedrooms | $605K | $645.1K | +6.6% |
| 5+ Bedrooms | $782K | $800.5K | +2.4% |
Summary: Germantown housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 2.4%.
Housing Supply in Germantown, MD
How many homes are available in Germantown, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 194 | 165 | -14.9% |
Summary: The Germantown real estate market had 165 homes for sale in December 2024, a 14.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 56 | 50 | -10.7% |
| 3 Bedrooms | 89 | 74 | -16.9% |
| 4 Bedrooms | 32 | 30 | -6.3% |
| 5+ Bedrooms | 12 | 7 | -41.7% |
Summary: The Germantown housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes decreased by 16.9%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 41.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 64 | 77 | +20.3% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Germantown, expect to pay close to the asking price. 41.6% of homes here sold near the asking price last month.
Summary: A total of 77 homes were sold or pending in Germantown in December 2024, up by 20.3% month-over-month. Of the 77 sold homes, 31% were sold under asking, 42% were sold at asking, and 27% were sold over asking.
Days on Market for Germantown, MD
How long does it take to sell a home in Germantown, MD?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 18 Days | 25 Days | +35.7% |
Summary: Homes in Germantown had an average of 25 days on market in Dec 2024, up by 35.7% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Germantown are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 77 homes were sold in Germantown; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
