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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Germantown is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Germantown was a Seller's Market.

Key Takeaway

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

Housing Prices in Germantown, NY

How much do homes in Germantown, NY cost?

Median Sold Price

$950,000

$484/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$138,500(-12.7%)

Key Takeaway

Homes in Germantown have sold for 12.7% less than they did a month ago.

Summary: The median home sold price in Germantown was $950,000 in December 2024, down 12.7% from last month, and the median price per square foot was $484.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $1.2M-
N/A
3 $925K$625K
-32.4%
4 -$3.2M
N/A
5+ $1.7M-
N/A

Summary: Germantown housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 32.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Germantown
-12.7%
Clermont
-85.1%

Housing Supply in Germantown, NY

How many homes are available in Germantown, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2019-5.0%

Summary: The Germantown real estate market had 19 homes for sale in December 2024, a 5.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 89
+12.5%
4 56
+20.0%
5+ 53
-40.0%

Summary: The Germantown housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer67%33%

Key Takeaway

If you're buying a home in Germantown, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Germantown in December 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Germantown, NY

How long does it take to sell a home in Germantown, NY?

Average Sale Time

Nov 2024Dec 2024CHANGE
19 Days26 Days+34.5%

Summary: Homes in Germantown had an average of 26 days on market in Dec 2024, up by 34.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times50%50%

Key Takeaway

Many homes in Germantown are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 3 homes were sold in Germantown; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 10 Days Ago

Newest Listings in Germantown, NY

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