$3,859 Closing Credit*
$325,000
1,500 SqFt
2 Beds
•2 Full Baths
#1899969, Team* CJ, Listing Office: Keller Williams Prestige
Is Germantown, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$405,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,333(-1.8%)
Key Takeaway
Homes in Germantown have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Germantown was $405,000 in October 2024, down 1.8% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145.4K | $150K | +3.1% |
| 2 Bedrooms | $185K | $210K | +13.5% |
| 3 Bedrooms | $410K | $408.7K | -0.3% |
| 4 Bedrooms | $523K | $535K | +2.3% |
| 5+ Bedrooms | $615K | $670K | +8.9% |
Summary: Germantown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 13.5%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Cities
| Germantown | $412.3K | $405K | -1.8% |
| Arkdale | $267K | $243K | -9.0% |
| Strongs Prairie | $308.5K | $220K | -28.7% |
Housing Supply in Germantown, WI
How many homes are available in Germantown, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 111 | 118 | +6.3% |
Summary: The Germantown real estate market had 118 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 23 | 21 | -8.7% |
| 3 Bedrooms | 54 | 58 | +7.4% |
| 4 Bedrooms | 25 | 27 | +8.0% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
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 decreased by 8.7%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 27 | -6.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 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. 40.7% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Germantown in October 2024, down by 6.9% month-over-month. Of the 27 sold homes, 33% were sold under asking, 26% were sold at asking, and 41% were sold over asking.
Days on Market for Germantown, WI
We’re sorry, we don't have information for this market at the moment
