Is Germantown, TN 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 Buyer'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, TN
How much do homes in Germantown, TN cost?
Median Sold Price
$495,750
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Germantown have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Germantown was $495,750 in April 2024, up 10.2% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $206K | N/A |
| 2 Bedrooms | $252.5K | $242K | -4.2% |
| 3 Bedrooms | $317.5K | $382K | +20.3% |
| 4 Bedrooms | $457K | $500K | +9.4% |
| 5+ Bedrooms | $700K | $723K | +3.3% |
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 decreased by 4.2%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Germantown | $450K | $495.7K | +10.2% |
| Collierville | $517.5K | $534.8K | +3.3% |
| Memphis | $199.9K | $195.6K | -2.1% |
| Cordova | $310K | $300.2K | -3.1% |
Housing Supply in Germantown, TN
How many homes are available in Germantown, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 204 | 240 | +17.6% |
Summary: The Germantown real estate market had 240 homes for sale in April 2024, a 17.6% 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 | 13 | 10 | -23.1% |
| 3 Bedrooms | 42 | 44 | +4.8% |
| 4 Bedrooms | 90 | 109 | +21.1% |
| 5+ Bedrooms | 59 | 76 | +28.8% |
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 decreased by 23.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 28.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 47 | -7.8% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Germantown, you may be able to get a good deal. 55.3% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Germantown in April 2024, down by 7.8% month-over-month. Of the 47 sold homes, 55% were sold under asking, 26% were sold at asking, and 19% were sold over asking.
Days on Market for Germantown, TN
We’re sorry, we don't have information for this market at the moment
