$2,375 Closing Credit*
$200,000
1,528 SqFt
3 Beds
•1 Full Bath, 1 Partial
Kiah Laura Hrycay, Listing Office: Keller Williams Real Estate - Media
Is Germantown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 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, PA
How much do homes in Germantown, PA cost?
Median Sold Price
$199,663
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,768(+5.1%)
Key Takeaway
Homes in Germantown have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Germantown was $199,663 in October 2024, up 5.1% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $232.5K | -18.4% |
| 2 Bedrooms | $107.5K | $196.5K | +82.8% |
| 3 Bedrooms | $181.2K | $170.9K | -5.7% |
| 4 Bedrooms | $190K | $239K | +25.8% |
| 5+ Bedrooms | $276.5K | $321.5K | +16.3% |
Summary: Germantown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.4%, 2 bedroom homes increased by 82.8%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 25.8%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Ogontz | $160K | $176.5K | +10.3% |
| Germantown / Chestnut Hill | $288.7K | $316.8K | +9.7% |
| Olney / Oak Lane | $185K | $200K | +8.1% |
| Germantown | $189.8K | $199.6K | +5.1% |
Housing Supply in Germantown, PA
How many homes are available in Germantown, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 181 | 199 | +9.9% |
Summary: The Germantown real estate market had 199 homes for sale in October 2024, a 9.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 14 | 18 | +28.6% |
| 3 Bedrooms | 87 | 94 | +8.0% |
| 4 Bedrooms | 32 | 35 | +9.4% |
| 5+ Bedrooms | 40 | 45 | +12.5% |
Summary: The Germantown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 29 | +11.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Germantown, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Germantown in October 2024, up by 11.5% month-over-month. Of the 29 sold homes, 52% were sold under asking, 17% were sold at asking, and 31% were sold over asking.
Days on Market for Germantown, PA
How long does it take to sell a home in Germantown, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 76 Days | 55 Days | -27.5% |
Summary: Homes in Germantown had an average of 55 days on market in Oct 2024, down by 27.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 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 October 2024, 29 homes were sold in Germantown; 52% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
