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Germantown

Why you'd want to live in Germantown

Germantown is a suburb of Memphis, bordering it to the east-southeast. Germantown's economy is dominated by the retail and commercial service sectors; there is no heavy industry in Germantown. In the city center is the "Old Germantown" neighborhood, anchored by a railroad depot (a 1948 reproduction of the 1868 original) and railroad tracks that recall the community's earliest days of development as an outpost along the Memphis and Charleston Railroad. The city hosts many horse shows and competitions annually, most notably the Germantown Charity Horse Show in June. Other major annual events include the Germantown Festival, an arts and crafts fair, in early September. Germantown is one of a few cities in the nation possessing a triple-A bond rating from both Moody’s and Standard & Poor’s. It has the lowest crime rate for any city its size in the State of Tennessee and the police and fire departments have average emergency response time of five minutes. The parks and recreation department is nationally accredited. via Wikipedia

germantown

Germantown Market Report

$612,939

AVERAGE PRICE OF 187 HOMES

$1,476,625

AVERAGE PRICE OF 24 MULTI-MILLION DOLLAR HOMES

$1,160,000

AVERAGE PRICE OF 11 NEWLY BUILT HOMES

$687,498

AVERAGE PRICE OF 80 HOMES WITH A POOL

$531,045

AVERAGE PRICE OF 11 REDUCED PRICE HOMES

Average Home

Average Price $612,939
Avg Bedrooms 4.26 beds
Avg Bathrooms 3.27 baths

Average Price by Bedrooms

1 bedroom $149,900
2 bedrooms $204,383
3 bedrooms $326,286
4 bedrooms $473,817
5 bedrooms $867,818
Germantown Home Price Trends
  5/2020 4/2020 3/2020 2/2020 1/2020
Total Listings 190 169 162 147 149
Average Price $588,400 $632,668 $645,159 $640,031 $618,047
Avg Price Change -7.52% -1.97% +0.80% +3.56% +2.45%
Median Price $430,786 $448,332 $465,281 $448,058 $449,882
Med Price Change -4.07% -3.78% +3.84% -0.41% -1.90%
Avg Bedrooms 4.22 beds 4.25 beds 4.29 beds 4.31 beds 4.32 beds
Avg Bathrooms 3.19 baths 3.3 baths 3.35 baths 3.37 baths 3.34 baths
Total Homes Average Price Avg Days on Site
All Homes 187 $612,939 83 days
Multi-Million Dollar Homes 24 $1,476,625 181 days
Newly Built Homes 11 $1,160,000 138 days
Homes with a Pool 80 $687,498 93 days
Reduced Price Homes 11 $531,045 83 days