$6,056 Closing Credit*
$510,000
4 Beds
•3 Full Baths, 1 Partial
Listing Office: John Green & Co., REALTORS
Is Germantown, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Germantown has remained a Neutral 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, TN
How much do homes in Germantown, TN cost?
Median Sold Price
$483,000
-
Based on all homes sold in October 2024.
Difference Since Last Month
+$9,000(+1.9%)
Key Takeaway
Homes in Germantown have sold for 1.9% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $173.5K | N/A |
| 3 Bedrooms | $363.5K | $406K | +11.7% |
| 4 Bedrooms | $487.2K | $483K | -0.9% |
| 5+ Bedrooms | $555K | $694.7K | +25.2% |
Summary: Germantown housing prices by bedroom type for October 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 increased by 11.7%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 25.2%.
Median Sold Price Compared To Nearby Cities
| Cordova | $290K | $300K | +3.4% |
| Germantown | $474K | $483K | +1.9% |
| Memphis | $192K | $190.4K | -0.8% |
| Collierville | $548.5K | $541K | -1.4% |
| Eads | $780K | $653.7K | -16.2% |
Housing Supply in Germantown, TN
How many homes are available in Germantown, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 182 | 216 | +18.7% |
Summary: The Germantown real estate market had 216 homes for sale in October 2024, a 18.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 12 | +50.0% |
| 3 Bedrooms | 27 | 29 | +7.4% |
| 4 Bedrooms | 93 | 106 | +14.0% |
| 5+ Bedrooms | 53 | 68 | +28.3% |
Summary: The Germantown housing inventory by bedroom type for October 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 7.4%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 28.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 36 | +24.1% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Germantown, you may be able to get a good deal. 69.4% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Germantown in October 2024, up by 24.1% month-over-month. Of the 36 sold homes, 69% were sold under asking, 22% were sold at asking, and 8% were sold over asking.
Days on Market for Germantown, TN
We’re sorry, we don't have information for this market at the moment
