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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

$555,334

AVERAGE PRICE OF 238 HOMES

$1,451,647

AVERAGE PRICE OF 17 MULTI-MILLION DOLLAR HOMES

$860,892

AVERAGE PRICE OF 13 NEWLY BUILT HOMES

$651,093

AVERAGE PRICE OF 103 HOMES WITH A POOL

$491,000

AVERAGE PRICE OF 10 REDUCED PRICE HOMES

Average Home

Average Price $555,334
Avg Bedrooms 4.29 beds
Avg Bathrooms 3.19 baths

Average Price by Bedrooms

2 bedrooms $153,810
3 bedrooms $300,255
4 bedrooms $427,870
5 bedrooms $756,703
Germantown Home Price Trends
  4/2019 3/2019 2/2019 1/2019 12/2018
Total Listings 189 165 139 134 149
Average Price $578,657 $562,325 $578,623 $561,571 $539,822
Avg Price Change +2.90% -2.90% +3.04% +4.03% -4.69%
Median Price $462,184 $456,863 $454,384 $424,477 $421,233
Med Price Change +1.16% +0.55% +7.05% +0.77% -2.74%
Avg Bedrooms 4.3 beds 3.63 beds 4.33 beds 4.26 beds 4.23 beds
Avg Bathrooms 3.3 baths 3.13 baths 3.3 baths 3.25 baths 3.22 baths
Total Homes Average Price Avg Days on Site
All Homes 238 $555,334 65 days
Multi-Million Dollar Homes 17 $1,451,647 134 days
Newly Built Homes 13 $860,892 185 days
Homes with a Pool 103 $651,093 64 days
Reduced Price Homes 10 $491,000 126 days