Is Germantown, PA 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 was a Seller's Market.
Key Takeaway
Germantown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Germantown, PA
How much do homes in Germantown, PA cost?
Median Sold Price
$186,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Germantown have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Germantown was $186,000 in April 2024, down 2.1% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $297.5K | $282.5K | -5.0% |
| 2 Bedrooms | $118.7K | $119K | 0.3% |
| 3 Bedrooms | $175K | $175K | 0.0% |
| 4 Bedrooms | $217.5K | $185K | -14.9% |
| 5+ Bedrooms | $305.7K | $284.5K | -6.9% |
Summary: Germantown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5%, 2 bedroom homes increased by 0.3%, 3 bedroom homes did not change, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes decreased by 6.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Olney / Oak Lane | $190.5K | $192.9K | +1.3% |
| Germantown | $189.9K | $186K | -2.1% |
| Germantown / Chestnut Hill | $306.3K | $295.4K | -3.6% |
| Ogontz | $180K | $167.5K | -6.9% |
Housing Supply in Germantown, PA
How many homes are available in Germantown, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 159 | 175 | +10.1% |
Summary: The Germantown real estate market had 175 homes for sale in April 2024, a 10.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 22 | 26 | +18.2% |
| 3 Bedrooms | 72 | 79 | +9.7% |
| 4 Bedrooms | 35 | 37 | +5.7% |
| 5+ Bedrooms | 25 | 27 | +8.0% |
Summary: The Germantown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 20 | -25.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Germantown, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Germantown in April 2024, down by 25.9% month-over-month. Of the 20 sold homes, 45% were sold under asking, 15% were sold at asking, and 40% were sold over asking.
Days on Market for Germantown, PA
How long does it take to sell a home in Germantown, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 75 Days | 62 Days | -16.5% |
Summary: Homes in Germantown had an average of 62 days on market in Apr 2024, down by 16.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Germantown has remained consistent over time.
Summary: During April 2024, 20 homes were sold in Germantown; 35% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
