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Melody Martin
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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

$600,349

AVERAGE PRICE OF 190 HOMES

$1,499,565

AVERAGE PRICE OF 23 MULTI-MILLION DOLLAR HOMES

$1,160,000

AVERAGE PRICE OF 11 NEWLY BUILT HOMES

$679,059

AVERAGE PRICE OF 81 HOMES WITH A POOL

$666,199

AVERAGE PRICE OF 4 REDUCED PRICE HOMES

Average Home

Average Price $600,349
Avg Bedrooms 4.24 beds
Avg Bathrooms 3.25 baths

Average Price by Bedrooms

2 bedrooms $207,025
3 bedrooms $319,929
4 bedrooms $463,985
5 bedrooms $860,541
Germantown Home Price Trends
  4/2020 3/2020 2/2020 1/2020 12/2019
Total Listings 169 162 147 149 176
Average Price $632,668 $645,159 $640,031 $618,047 $603,280
Avg Price Change -1.97% +0.80% +3.56% +2.45% +0.11%
Median Price $448,332 $465,281 $448,058 $449,882 $458,427
Med Price Change -3.78% +3.84% -0.41% -1.90% +0.71%
Avg Bedrooms 4.25 beds 4.29 beds 4.31 beds 4.32 beds 4.64 beds
Avg Bathrooms 3.3 baths 3.35 baths 3.37 baths 3.34 baths 3.64 baths
Total Homes Average Price Avg Days on Site
All Homes 190 $600,349 78 days
Multi-Million Dollar Homes 23 $1,499,565 181 days
Newly Built Homes 11 $1,160,000 130 days
Homes with a Pool 81 $679,059 87 days
Reduced Price Homes 4 $666,199 52 days