Is Germantown, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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, OH
How much do homes in Germantown, OH cost?
Median Sold Price
$244,950
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Germantown have sold for 6.7% less than they did a year ago.
Summary: The median home sold price in Germantown was $244,950 in June 2024, down 6.7% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $35K | N/A |
| 2 Bedrooms | $162K | $173K | +6.8% |
| 3 Bedrooms | $240K | $249.9K | +4.1% |
| 4 Bedrooms | $330K | $307.6K | -6.8% |
| 5+ Bedrooms | $437.5K | $545K | +24.6% |
Summary: Germantown housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 24.6%.
Median Sold Price Compared To Nearby Cities
| Germantown | $262.5K | $244.9K | -6.7% |
| German Township | $262.5K | $225.5K | -14.1% |
Housing Supply in Germantown, OH
How many homes are available in Germantown, OH?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The Germantown real estate market had 23 homes for sale in June 2024, a 4.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 0 | -100.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Germantown housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Germantown, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Germantown in June 2024, the same as the previous month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Germantown, OH
How long does it take to sell a home in Germantown, OH?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 56 Days | 84 Days | +49.6% |
Summary: Homes in Germantown had an average of 84 days on market in Jun 2024, up by 49.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Germantown has remained consistent over time.
Summary: During June 2024, 7 homes were sold in Germantown; 14% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 DABR MLS. All Rights Reserved
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Copyright ©2024 by the Multiple Listing Service of Greater Cincinnati, Inc. All rights reserved. For the most current information, contact your Broker.