Is Germantown, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Germantown has remained a Seller's Market.
Housing Prices in Germantown, OH
How much do homes in Germantown, OH cost?
Median Sold Price
$247,450
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Germantown was $247,450 in April 2024, up 2% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $136K | $178K | +30.9% |
3 Bedrooms | $230K | $249.9K | +8.7% |
4 Bedrooms | $280.5K | $272K | -3.0% |
5+ Bedrooms | $416.2K | $462.5K | +11.1% |
Summary: Germantown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.9%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
Germantown | $242.5K | $247.4K | +2.0% |
German Township | $249.9K | $242.4K | -3.0% |
Housing Supply in Germantown, OH
How many homes are available in Germantown, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 21 | +5.0% |
Summary: The Germantown real estate market had 21 homes for sale in April 2024, a 5.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 5 | +150.0% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Germantown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Germantown in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 82 Days | +68.7% |
Summary: Homes in Germantown had an average of 82 days on market in Apr 2024, up by 68.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Germantown; 13% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.