Is Germantown Hills, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Germantown Hills was a Buyer's Market.
Key Takeaway
Germantown Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Germantown Hills, IL
How much do homes in Germantown Hills, IL cost?
Median Sold Price
$307,500
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Germantown Hills have sold for 15.8% more than they did a year ago.
Summary: The median home sold price in Germantown Hills was $307,500 in April 2024, up 15.8% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $152.4K | $142K | -6.9% |
| 3 Bedrooms | $226K | $234.9K | +4.0% |
| 4 Bedrooms | $241.5K | $325K | +34.6% |
| 5+ Bedrooms | $404.7K | $485K | +19.8% |
Summary: Germantown Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes increased by 19.8%.
Median Sold Price Compared To Nearby Cities
| Germantown Hills | $265.5K | $307.5K | +15.8% |
| Worth Township | $250K | $260K | +4.0% |
Housing Supply in Germantown Hills, IL
How many homes are available in Germantown Hills, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Summary: The Germantown Hills real estate market had 5 homes for sale in April 2024, a 28.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Germantown Hills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Germantown Hills, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Germantown Hills in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Germantown Hills, IL
How long does it take to sell a home in Germantown Hills, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 2 Days | 2 Days | +16.7% |
Summary: Homes in Germantown Hills had an average of 2 days on market in Apr 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Germantown Hills are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Germantown Hills; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.