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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

$571,202

AVERAGE PRICE OF 227 HOMES

$1,503,231

AVERAGE PRICE OF 18 MULTI-MILLION DOLLAR HOMES

$942,953

AVERAGE PRICE OF 15 NEWLY BUILT HOMES

$652,572

AVERAGE PRICE OF 105 HOMES WITH A POOL

$464,027

AVERAGE PRICE OF 18 REDUCED PRICE HOMES

Average Home

Average Price $571,202
Avg Bedrooms 4.26 beds
Avg Bathrooms 3.24 baths

Average Price by Bedrooms

2 bedrooms $116,929
3 bedrooms $311,988
4 bedrooms $453,557
5 bedrooms $775,099
Germantown Home Price Trends
  5/2019 4/2019 3/2019 2/2019 1/2019
Total Listings 218 189 165 139 134
Average Price $565,648 $578,657 $562,325 $578,623 $561,571
Avg Price Change -2.30% +2.90% -2.90% +3.04% +4.03%
Median Price $450,324 $462,184 $456,863 $454,384 $424,477
Med Price Change -2.63% +1.16% +0.55% +7.05% +0.77%
Avg Bedrooms 4.29 beds 4.3 beds 3.63 beds 4.33 beds 4.26 beds
Avg Bathrooms 3.22 baths 3.3 baths 3.13 baths 3.3 baths 3.25 baths
Total Homes Average Price Avg Days on Site
All Homes 227 $571,202 67 days
Multi-Million Dollar Homes 18 $1,503,231 129 days
Newly Built Homes 15 $942,953 150 days
Homes with a Pool 105 $652,572 68 days
Reduced Price Homes 18 $464,027 71 days