Is Germantown, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Germantown has remained a Seller's Market.
Housing Prices in Germantown, WI
How much do homes in Germantown, WI cost?
Median Sold Price
$406,250
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Germantown was $406,250 in February 2024, up 11.5% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130.5K | $166.2K | +27.4% |
2 Bedrooms | $199.9K | $205K | +2.6% |
3 Bedrooms | $360K | $405K | +12.5% |
4 Bedrooms | $491K | $536.2K | +9.2% |
5+ Bedrooms | $473.6K | $510.2K | +7.7% |
Summary: Germantown housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.4%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
Germantown | $364.5K | $406.2K | +11.5% |
Menomonee Falls | $344.7K | $379.5K | +10.1% |
Hubertus | $441K | $476.2K | +8.0% |
Richfield | $456K | $490.3K | +7.5% |
Housing Supply in Germantown, WI
How many homes are available in Germantown, WI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
52 | 53 | +1.9% |
Summary: The Germantown real estate market had 53 homes for sale in February 2024, a 1.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 21 | 19 | -9.5% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Germantown housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Germantown in February 2024, the same as the previous month. Of the 13 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for Germantown, WI
We’re sorry, we don't have information for this market at the moment