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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

$613,625

AVERAGE PRICE OF 131 HOMES

$1,540,571

AVERAGE PRICE OF 14 MULTI-MILLION DOLLAR HOMES

$1,168,780

AVERAGE PRICE OF 5 NEWLY BUILT HOMES

$662,921

AVERAGE PRICE OF 49 HOMES WITH A POOL

$534,975

AVERAGE PRICE OF 4 REDUCED PRICE HOMES

Average Home

Average Price $613,625
Avg Bedrooms 4.27 beds
Avg Bathrooms 3.15 baths

Average Price by Bedrooms

1 bedroom $75,000
2 bedrooms $143,500
3 bedrooms $355,496
4 bedrooms $488,139
5 bedrooms $804,684
Germantown Home Price Trends
  4/2021 3/2021 2/2021 1/2021 12/2020
Total Listings 114 89 n/a 90 114
Average Price $606,054 $630,309 n/a $586,892 $586,218
Avg Price Change -4.00% n/a n/a +0.11% -4.45%
Median Price $475,720 $480,108 n/a $486,213 $455,489
Med Price Change -0.92% n/a n/a +6.75% -1.07%
Avg Bedrooms 4.25 beds 4.25 beds n/a 4.14 beds 4.3 beds
Avg Bathrooms 3.17 baths 3.24 baths n/a 3.23 baths 3.32 baths
Total Homes Average Price Avg Days on Site
All Homes 131 $613,625 57 days
Multi-Million Dollar Homes 14 $1,540,571 153 days
Newly Built Homes 5 $1,168,780 277 days
Homes with a Pool 49 $662,921 67 days
Reduced Price Homes 4 $534,975 36 days
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