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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

$531,783

AVERAGE PRICE OF 236 HOMES

$1,489,667

AVERAGE PRICE OF 18 MULTI-MILLION DOLLAR HOMES

$804,812

AVERAGE PRICE OF 14 NEWLY BUILT HOMES

$566,989

AVERAGE PRICE OF 103 HOMES WITH A POOL

$478,379

AVERAGE PRICE OF 75 REDUCED PRICE HOMES

Average Home

Average Price $531,783
Avg Bedrooms 3.62 beds
Avg Bathrooms 2.6 baths

Average Price by Bedrooms

1 bedroom $51,874
2 bedrooms $124,828
3 bedrooms $251,219
4 bedrooms $446,470
5 bedrooms $682,474
Germantown Home Price Trends
  6/2018 5/2018 4/2018 3/2018 2/2018
Total Listings 228 222 n/a 180 168
Average Price $545,500 $542,494 n/a $564,231 $580,229
Avg Price Change +0.55% n/a n/a -2.84% +3.59%
Median Price $426,775 $425,157 n/a $450,131 $475,310
Med Price Change +0.38% n/a n/a -5.59% +9.90%
Avg Bedrooms 4.31 beds 4.27 beds n/a 4 beds 4 beds
Avg Bathrooms 3.22 baths 3.2 baths n/a 3.32 baths 3.37 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Market
Germantown High School 1 $225,000 16 days
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 236 $531,783 43 days
Multi-Million Dollar Homes 18 $1,489,667 134 days
Newly Built Homes 14 $804,812 269 days
Homes with a Pool 103 $566,989 69 days
Reduced Price Homes 75 $478,379 97 days