Is Germantown Hills, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Germantown Hills is a seller's market

Buyer's
Market

Difference Since August 2023

Since last year, Germantown Hills has remained a Seller'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

$280,000

$113/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since August 2023.

Key Takeaway

The sold price of homes in Germantown Hills has remained the same since last year.

Summary: The median home sold price in Germantown Hills was $280,000 in August 2024, the same as last year, and the median price per square foot was $113.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 $149.9K$138.5K
-7.6%
3 $229.9K$240.7K
+4.7%
4 $312.5K$294.9K
-5.6%
5+ $414.4K$437.5K
+5.6%

Summary: Germantown Hills housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.6%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 5.6%.

Median Sold Price Compared To Nearby Cities

Worth Township
+10.2%
Germantown Hills
0.0%

Housing Supply in Germantown Hills, IL

How many homes are available in Germantown Hills, IL?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1214+16.7%

Summary: The Germantown Hills real estate market had 14 homes for sale in August 2024, a 16.7% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 00
0.0%
3 44
0.0%
4 66
0.0%
5+ 24
+100.0%

Summary: The Germantown Hills housing inventory by bedroom type for August 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 remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Germantown Hills, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Germantown Hills in August 2024, down by 20.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% 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

Aug 2023Aug 2024CHANGE
18 Days1 Days-91.7%

Summary: Homes in Germantown Hills had an average of 1 days on market in Aug 2024, down by 91.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Germantown Hills are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 4 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 11 Days Ago

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