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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

$527,583

AVERAGE PRICE OF 153 HOMES

$1,397,400

AVERAGE PRICE OF 10 MULTI-MILLION DOLLAR HOMES

$775,040

AVERAGE PRICE OF 16 NEWLY BUILT HOMES

$565,316

AVERAGE PRICE OF 55 HOMES WITH A POOL

$503,048

AVERAGE PRICE OF 66 REDUCED PRICE HOMES

Average Home

Average Price $527,583
Avg Bedrooms 4.2 beds
Avg Bathrooms 3.2 baths

Average Price by Bedrooms

2 bedrooms $139,816
3 bedrooms $239,118
4 bedrooms $451,550
5 bedrooms $799,902
Germantown Home Price Trends
  11/2018 10/2018 9/2018 8/2018 7/2018
Total Listings 184 210 219 229 230
Average Price $565,155 $580,379 $562,180 $540,034 $538,173
Avg Price Change -2.69% +3.24% +4.10% +0.35% -1.36%
Median Price $432,794 $446,635 $431,830 $423,698 $416,201
Med Price Change -3.20% +3.43% +1.92% +1.80% -2.54%
Avg Bedrooms 4.28 beds 4.26 beds 4.2 beds 4.23 beds 4.26 beds
Avg Bathrooms 3.27 baths 3.29 baths 3.19 baths 3.16 baths 3.19 baths
Total Homes Average Price Avg Days on Site
All Homes 153 $527,583 108 days
Multi-Million Dollar Homes 10 $1,397,400 186 days
Newly Built Homes 16 $775,040 286 days
Homes with a Pool 55 $565,316 94 days
Reduced Price Homes 66 $503,048 140 days
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