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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

$593,061

AVERAGE PRICE OF 208 HOMES

$1,589,132

AVERAGE PRICE OF 22 MULTI-MILLION DOLLAR HOMES

$1,087,308

AVERAGE PRICE OF 13 NEWLY BUILT HOMES

$589,189

AVERAGE PRICE OF 78 HOMES WITH A POOL

$542,499

AVERAGE PRICE OF 17 REDUCED PRICE HOMES

Average Home

Average Price $593,061
Avg Bedrooms 4.24 beds
Avg Bathrooms 3.2 baths

Average Price by Bedrooms

2 bedrooms $159,120
3 bedrooms $281,422
4 bedrooms $486,386
5 bedrooms $764,691
Germantown Home Price Trends
  8/2020 7/2020 6/2020 5/2020 4/2020
Total Listings 200 197 194 190 169
Average Price $628,670 $621,345 $618,227 $588,400 $632,668
Avg Price Change +1.18% +0.50% +5.07% -7.52% -1.97%
Median Price $459,610 $468,988 $469,965 $430,786 $448,332
Med Price Change -2.04% -0.21% +9.09% -4.07% -3.78%
Avg Bedrooms 4.25 beds 3.7 beds 4.29 beds 4.22 beds 4.25 beds
Avg Bathrooms 3.23 baths 3.2 baths 3.3 baths 3.19 baths 3.3 baths
Total Homes Average Price Avg Days on Site
All Homes 208 $593,061 69 days
Multi-Million Dollar Homes 22 $1,589,132 178 days
Newly Built Homes 13 $1,087,308 184 days
Homes with a Pool 78 $589,189 70 days
Reduced Price Homes 17 $542,499 74 days
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