$9,963 Closing Credit*
$839,000
1,395 SqFt
2 Beds
•2 Full Baths
Mike Tetzel, Listing Office: Phillips Builders, LLC
Is Germantown, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 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
$722,000
$525/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$28,000(-3.7%)
Key Takeaway
Homes in Germantown have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Germantown was $722,000 in November 2024, down 3.7% from last year, and the median price per square foot was $525.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $469.9K | $446K | -5.1% |
| 2 Bedrooms | $725K | $578.9K | -20.1% |
| 3 Bedrooms | $927.5K | $1.1M | +24.7% |
| 4 Bedrooms | $798.7K | $1.1M | +44.0% |
| 5+ Bedrooms | - | $1.9M | N/A |
Summary: Germantown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes decreased by 20.1%, 3 bedroom homes increased by 24.7%, 4 bedroom homes increased by 44%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| North Nashville | $572.5K | $566.8K | -1.0% |
| Germantown | $750K | $722K | -3.7% |
Housing Supply in Germantown, TN
How many homes are available in Germantown, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The Germantown real estate market had 28 homes for sale in November 2024, a 7.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Germantown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Germantown, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Germantown in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Germantown, TN
How long does it take to sell a home in Germantown, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 36 Days | +28.4% |
Summary: Homes in Germantown had an average of 36 days on market in Nov 2024, up by 28.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 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, 7 homes were sold in Germantown; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.