Is Germantown, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Germantown is a seller's market

Buyer's
Market

Difference Since May 2021

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.

How much do homes in Germantown, TN cost?

Median Sold Price

$441,916

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$45,814(+11.6%)

Key Takeaway

Homes in Germantown have sold for 11.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $72.7K$143K
+96.6%
2 $171.5K$220K
+28.3%
3 $300K$355K
+18.3%
4 $385.3K$442.7K
+14.9%
5+ $560K$632.5K
+12.9%

Median Sold Price Compared To Nearby Cities

Eads
+22.4%
Cordova
+21.3%
Collierville
+13.7%
Memphis
+12.9%
Germantown
+11.6%

How many homes are available in Germantown, TN?

Number of Homes For Sale

Apr 2022May 2022%
159169+6.3%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 21
-50.0%
2 75
-28.6%
3 2020
0.0%
4 7686
+13.2%
5+ 5457
+5.6%

Number of Homes Sold

Apr 2022May 2022%
5453-1.9%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

36 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Germantown, you could pay more than the asking price. 67.9% of homes here sold above asking price last month.

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

About Germantown, TN

Number of homes for sale in Germantown, TN real estate market have reached 169. In May 2022 in Germantown, TN there were 6.3% more homes for sale than in April 2022. From April 2022 through May 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 96.6%, prices of 2 bedrooms properties went up by 28.3%, prices of 3 bedrooms properties went up by 18.3%, prices of 4 bedrooms properties increased by 14.9%, prices of 5 bedrooms properties increased by 12.9%. Volume of homes for sale changed: 1 bedroom homes became 50% less available, 2 bedrooms homes became 28.6% less available, volume of 3 bedrooms homes stayed the same, 4 bedrooms homes inventory increased by 13.2%, 5 bedrooms homes became 5.6% more available. Over 36 listings were sold over their listed price in May 2022 in Germantown, TN. In the same period over 7 listings were sold below the listed price and 10 listings were sold for the listed price.

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