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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

$580,689

AVERAGE PRICE OF 146 HOMES

$1,522,000

AVERAGE PRICE OF 12 MULTI-MILLION DOLLAR HOMES

$790,106

AVERAGE PRICE OF 16 NEWLY BUILT HOMES

$662,424

AVERAGE PRICE OF 53 HOMES WITH A POOL

$358,400

AVERAGE PRICE OF 7 REDUCED PRICE HOMES

Average Home

Average Price $580,689
Avg Bedrooms 4.34 beds
Avg Bathrooms 3.32 baths

Average Price by Bedrooms

2 bedrooms $101,380
3 bedrooms $246,685
4 bedrooms $454,362
5 bedrooms $741,338
Germantown Home Price Trends
  1/2019 12/2018 11/2018 10/2018 9/2018
Total Listings 134 149 184 210 219
Average Price $561,571 $539,822 $565,155 $580,379 $562,180
Avg Price Change +4.03% -4.69% -2.69% +3.24% +4.10%
Median Price $424,477 $421,233 $432,794 $446,635 $431,830
Med Price Change +0.77% -2.74% -3.20% +3.43% +1.92%
Avg Bedrooms 4.26 beds 4.23 beds 4.28 beds 4.26 beds 4.2 beds
Avg Bathrooms 3.25 baths 3.22 baths 3.27 baths 3.29 baths 3.19 baths
Total Homes Average Price Avg Days on Site
All Homes 146 $580,689 113 days
Multi-Million Dollar Homes 12 $1,522,000 188 days
Newly Built Homes 16 $790,106 309 days
Homes with a Pool 53 $662,424 91 days
Reduced Price Homes 7 $358,400 53 days
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