$4,121 Closing Credit*
$347,000
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Crye-Leike, Inc., 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 Seller's Market.
Key Takeaway
Germantown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Germantown, TN
How much do homes in Germantown, TN cost?
Median Sold Price
$492,500
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$9,500(+2.0%)
Key Takeaway
Homes in Germantown have sold for 2% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $173.5K | $295K | +70.0% |
| 3 Bedrooms | $456K | $343K | -24.8% |
| 4 Bedrooms | $483K | $499K | +3.3% |
| 5+ Bedrooms | $694.7K | $669K | -3.7% |
Summary: Germantown housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 70%, 3 bedroom homes decreased by 24.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Cordova | $290K | $305K | +5.2% |
| Germantown | $483K | $492.5K | +2.0% |
| Collierville | $540K | $546.2K | +1.2% |
| Memphis | $190.2K | $183K | -3.8% |
| Eads | $653.7K | $535K | -18.2% |
Housing Supply in Germantown, TN
How many homes are available in Germantown, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 214 | 212 | -0.9% |
Summary: The Germantown real estate market had 212 homes for sale in November 2024, a 0.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 29 | 29 | 0.0% |
| 4 Bedrooms | 106 | 113 | +6.6% |
| 5+ Bedrooms | 66 | 57 | -13.6% |
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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 13.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 43 | +13.2% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
10 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. 69.8% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in Germantown in November 2024, up by 13.2% month-over-month. Of the 43 sold homes, 70% were sold under asking, 23% were sold at asking, and 7% were sold over asking.
Days on Market for Germantown, TN
We’re sorry, we don't have information for this market at the moment
