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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

$634,166

AVERAGE PRICE OF 155 HOMES

$1,535,182

AVERAGE PRICE OF 22 MULTI-MILLION DOLLAR HOMES

$1,155,778

AVERAGE PRICE OF 9 NEWLY BUILT HOMES

$760,721

AVERAGE PRICE OF 67 HOMES WITH A POOL

$373,233

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $634,166
Avg Bedrooms 4.29 beds
Avg Bathrooms 3.34 baths

Average Price by Bedrooms

2 bedrooms $145,516
3 bedrooms $334,283
4 bedrooms $474,878
5 bedrooms $888,116
Germantown Home Price Trends
  1/2020 12/2019 11/2019 10/2019 9/2019
Total Listings 149 176 203 214 222
Average Price $618,047 $603,280 $602,645 $609,240 $586,194
Avg Price Change +2.45% +0.11% -1.09% +3.93% -2.13%
Median Price $449,882 $458,427 $455,215 $460,329 $458,744
Med Price Change -1.90% +0.71% -1.12% +0.35% -2.88%
Avg Bedrooms 4.32 beds 4.64 beds 4.65 beds 4.67 beds 4.62 beds
Avg Bathrooms 3.34 baths 3.64 baths 3.65 baths 3.68 baths 3.64 baths
Total Homes Average Price Avg Days on Site
All Homes 155 $634,166 92 days
Multi-Million Dollar Homes 22 $1,535,182 184 days
Newly Built Homes 9 $1,155,778 199 days
Homes with a Pool 67 $760,721 103 days
Reduced Price Homes 3 $373,233 29 days