$2,126 Closing Credit*
$179,000
1,093 SqFt
2 Beds
•1 Full Bath, 1 Partial
#1901625, Karrie Ann Giordano, Listing Office: Shorewest Realtors, Inc.
Is Germantown, WI 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, WI
How much do homes in Germantown, WI cost?
Median Sold Price
$400,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$15,000(-3.6%)
Key Takeaway
Homes in Germantown have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Germantown was $400,000 in November 2024, down 3.6% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155.9K | $150K | -3.8% |
| 2 Bedrooms | $185K | $215K | +16.2% |
| 3 Bedrooms | $415K | $410K | -1.2% |
| 4 Bedrooms | $534K | $542.5K | +1.6% |
| 5+ Bedrooms | $471.2K | $650K | +37.9% |
Summary: Germantown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 16.2%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 37.9%.
Median Sold Price Compared To Nearby Cities
| Menomonee Falls | $375K | $410K | +9.3% |
| Richfield | $480.5K | $489.5K | +1.9% |
| Colgate | $521.2K | $515.5K | -1.1% |
| Germantown | $415K | $400K | -3.6% |
Housing Supply in Germantown, WI
How many homes are available in Germantown, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 73 | -11.0% |
Summary: The Germantown real estate market had 73 homes for sale in November 2024, a 11.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 17 | 20 | +17.6% |
| 3 Bedrooms | 39 | 33 | -15.4% |
| 4 Bedrooms | 21 | 15 | -28.6% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Germantown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 17.6%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Germantown, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Germantown in November 2024, up by 4.8% month-over-month. Of the 22 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.
Days on Market for Germantown, WI
We’re sorry, we don't have information for this market at the moment
