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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

$567,797

AVERAGE PRICE OF 211 HOMES

$1,533,317

AVERAGE PRICE OF 18 MULTI-MILLION DOLLAR HOMES

$767,700

AVERAGE PRICE OF 11 NEWLY BUILT HOMES

$619,052

AVERAGE PRICE OF 87 HOMES WITH A POOL

$483,283

AVERAGE PRICE OF 90 REDUCED PRICE HOMES

Average Home

Average Price $567,797
Avg Bedrooms 4.21 beds
Avg Bathrooms 3.21 baths

Average Price by Bedrooms

2 bedrooms $173,192
3 bedrooms $341,031
4 bedrooms $499,706
5 bedrooms $721,374
Germantown Home Price Trends
  8/2018 7/2018 6/2018 5/2018 4/2018
Total Listings 229 230 228 222 n/a
Average Price $540,034 $538,173 $545,500 $542,494 n/a
Avg Price Change +0.35% -1.36% +0.55% n/a n/a
Median Price $423,698 $416,201 $426,775 $425,157 n/a
Med Price Change +1.80% -2.54% +0.38% n/a n/a
Avg Bedrooms 4.23 beds 4.26 beds 4.31 beds 4.27 beds n/a
Avg Bathrooms 3.16 baths 3.19 baths 3.22 baths 3.2 baths n/a
Total Homes Average Price Avg Days on Site
All Homes 211 $567,797 85 days
Multi-Million Dollar Homes 18 $1,533,317 158 days
Newly Built Homes 11 $767,700 340 days
Homes with a Pool 87 $619,052 78 days
Reduced Price Homes 90 $483,283 101 days