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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

$584,573

AVERAGE PRICE OF 225 HOMES

$1,566,845

AVERAGE PRICE OF 20 MULTI-MILLION DOLLAR HOMES

$991,310

AVERAGE PRICE OF 19 NEWLY BUILT HOMES

$630,753

AVERAGE PRICE OF 101 HOMES WITH A POOL

$548,447

AVERAGE PRICE OF 17 REDUCED PRICE HOMES

Average Home

Average Price $584,573
Avg Bedrooms 4.24 beds
Avg Bathrooms 3.27 baths

Average Price by Bedrooms

1 bedroom $62,000
2 bedrooms $132,616
3 bedrooms $307,341
4 bedrooms $451,224
5 bedrooms $807,862
Germantown Home Price Trends
  8/2019 7/2019 6/2019 5/2019 4/2019
Total Listings 212 222 219 218 189
Average Price $598,659 $562,891 $575,105 $565,648 $578,657
Avg Price Change +6.35% -2.17% +1.67% -2.30% +2.90%
Median Price $471,978 $439,975 $449,832 $450,324 $462,184
Med Price Change +7.27% -2.24% -0.11% -2.63% +1.16%
Avg Bedrooms 4.32 beds 4.24 beds 4.3 beds 4.29 beds 4.3 beds
Avg Bathrooms 3.36 baths 3.22 baths 3.26 baths 3.22 baths 3.3 baths
Total Homes Average Price Avg Days on Site
All Homes 225 $584,573 80 days
Multi-Million Dollar Homes 20 $1,566,845 132 days
Newly Built Homes 19 $991,310 147 days
Homes with a Pool 101 $630,753 87 days
Reduced Price Homes 17 $548,447 67 days