$1,543 Closing Credit*
$129,900
1,094 SqFt
3 Beds
•1 Full Bath
Amanda Rose Donahue, Listing Office: Keller Williams Real Estate-Blue Bell
Is Germantown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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, PA
How much do homes in Germantown, PA cost?
Median Sold Price
$199,998
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,998(+7.5%)
Key Takeaway
Homes in Germantown have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Germantown was $199,998 in November 2024, up 7.5% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282.5K | $242.5K | -14.2% |
| 2 Bedrooms | $107.5K | $210K | +95.3% |
| 3 Bedrooms | $180K | $169.9K | -5.6% |
| 4 Bedrooms | $170K | $245K | +44.1% |
| 5+ Bedrooms | $299.9K | $297K | -1.0% |
Summary: Germantown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.2%, 2 bedroom homes increased by 95.3%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 44.1%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Neighborhoods
| Ogontz | $155K | $182.5K | +17.7% |
| West Logan | $160K | $188K | +17.5% |
| Olney / Oak Lane | $182.5K | $202.7K | +11.1% |
| Germantown | $186K | $199.9K | +7.5% |
| Germantown / Chestnut Hill | $294.9K | $315K | +6.8% |
Housing Supply in Germantown, PA
How many homes are available in Germantown, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 185 | 193 | +4.3% |
Summary: The Germantown real estate market had 193 homes for sale in November 2024, a 4.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 17 | 20 | +17.6% |
| 3 Bedrooms | 89 | 91 | +2.2% |
| 4 Bedrooms | 28 | 31 | +10.7% |
| 5+ Bedrooms | 44 | 44 | 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 17.6%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 25 | -21.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Germantown, you may be able to get a good deal. 44% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Germantown in November 2024, down by 21.9% month-over-month. Of the 25 sold homes, 44% were sold under asking, 16% were sold at asking, and 40% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 50 Days | +44.2% |
Summary: Homes in Germantown had an average of 50 days on market in Nov 2024, up by 44.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 25 homes were sold in Germantown; 44% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
