Is Germantown, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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, WI
How much do homes in Germantown, WI cost?
Median Sold Price
$401,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Germantown have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Germantown was $401,000 in March 2024, up 5.5% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125.5K | $166.2K | +32.4% |
| 2 Bedrooms | $194.5K | $190.7K | -1.9% |
| 3 Bedrooms | $375K | $392.5K | +4.7% |
| 4 Bedrooms | $488.5K | $536.2K | +9.8% |
| 5+ Bedrooms | $543K | $634.9K | +16.9% |
Summary: Germantown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.4%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Cities
| Germantown | $380K | $401K | +5.5% |
| Strongs Prairie | $329K | $262K | -20.4% |
| Arkdale | $325K | $247.4K | -23.9% |
Housing Supply in Germantown, WI
How many homes are available in Germantown, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 82 | 90 | +9.8% |
Summary: The Germantown real estate market had 90 homes for sale in March 2024, a 9.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 21 | +5.0% |
| 3 Bedrooms | 29 | 35 | +20.7% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Germantown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 20.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Germantown, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Germantown in March 2024, up by 10.5% month-over-month. Of the 21 sold homes, 38% were sold under asking, 19% were sold at asking, and 43% were sold over asking.
Days on Market for Germantown, WI
We’re sorry, we don't have information for this market at the moment
