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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

$570,502

AVERAGE PRICE OF 181 HOMES

$1,589,647

AVERAGE PRICE OF 15 MULTI-MILLION DOLLAR HOMES

$785,694

AVERAGE PRICE OF 15 NEWLY BUILT HOMES

$667,092

AVERAGE PRICE OF 63 HOMES WITH A POOL

$505,802

AVERAGE PRICE OF 80 REDUCED PRICE HOMES

Average Home

Average Price $570,502
Avg Bedrooms 4.29 beds
Avg Bathrooms 3.27 baths

Average Price by Bedrooms

2 bedrooms $167,360
3 bedrooms $251,343
4 bedrooms $479,168
5 bedrooms $749,004
Germantown Home Price Trends
  10/2018 9/2018 8/2018 7/2018 6/2018
Total Listings 210 219 229 230 228
Average Price $580,379 $562,180 $540,034 $538,173 $545,500
Avg Price Change +3.24% +4.10% +0.35% -1.36% +0.55%
Median Price $446,635 $431,830 $423,698 $416,201 $426,775
Med Price Change +3.43% +1.92% +1.80% -2.54% +0.38%
Avg Bedrooms 4.26 beds 4.2 beds 4.23 beds 4.26 beds 4.31 beds
Avg Bathrooms 3.29 baths 3.19 baths 3.16 baths 3.19 baths 3.22 baths
Total Homes Average Price Avg Days on Site
All Homes 181 $570,502 96 days
Multi-Million Dollar Homes 15 $1,589,647 165 days
Newly Built Homes 15 $785,694 288 days
Homes with a Pool 63 $667,092 87 days
Reduced Price Homes 80 $505,802 116 days
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