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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

$557,318

AVERAGE PRICE OF 225 HOMES

$1,527,634

AVERAGE PRICE OF 16 MULTI-MILLION DOLLAR HOMES

$955,360

AVERAGE PRICE OF 15 NEWLY BUILT HOMES

$611,885

AVERAGE PRICE OF 107 HOMES WITH A POOL

$420,877

AVERAGE PRICE OF 9 REDUCED PRICE HOMES

Average Home

Average Price $557,318
Avg Bedrooms 4.2 beds
Avg Bathrooms 3.18 baths

Average Price by Bedrooms

1 bedroom $149,900
2 bedrooms $131,962
3 bedrooms $311,000
4 bedrooms $450,047
5 bedrooms $781,435
Germantown Home Price Trends
  6/2019 5/2019 4/2019 3/2019 2/2019
Total Listings 219 218 189 165 139
Average Price $575,105 $565,648 $578,657 $562,325 $578,623
Avg Price Change +1.67% -2.30% +2.90% -2.90% +3.04%
Median Price $449,832 $450,324 $462,184 $456,863 $454,384
Med Price Change -0.11% -2.63% +1.16% +0.55% +7.05%
Avg Bedrooms 4.3 beds 4.29 beds 4.3 beds 3.63 beds 4.33 beds
Avg Bathrooms 3.26 baths 3.22 baths 3.3 baths 3.13 baths 3.3 baths
Total Homes Average Price Avg Days on Site
All Homes 225 $557,318 70 days
Multi-Million Dollar Homes 16 $1,527,634 160 days
Newly Built Homes 15 $955,360 131 days
Homes with a Pool 107 $611,885 75 days
Reduced Price Homes 9 $420,877 55 days