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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Germantown is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Germantown was a Seller's Market.

Key Takeaway

Germantown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Germantown, OH

How much do homes in Germantown, OH cost?

Median Sold Price

$265,000

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$17,550(+7.1%)

Key Takeaway

Homes in Germantown have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Germantown was $265,000 in November 2024, up 7.1% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $121.5K$35K
-71.2%
2 $150K$173K
+15.3%
3 $226K$257K
+13.7%
4 $307.6K$353.7K
+15.0%
5+ $426.8K$565K
+32.4%

Summary: Germantown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 71.2%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 32.4%.

Median Sold Price Compared To Nearby Cities

Germantown
+7.1%
German Township
+4.4%

Housing Supply in Germantown, OH

How many homes are available in Germantown, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2630+15.4%

Summary: The Germantown real estate market had 30 homes for sale in November 2024, a 15.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1518
+20.0%
4 99
0.0%
5+ 00
0.0%

Summary: The Germantown 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 increased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 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. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Germantown in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Germantown, OH

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 17 Days Ago

Newest Listings in Germantown, OH

Nearby Markets to Germantown, OH

What housing markets are near Germantown, OH?