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Linita Stewart
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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

$578,465

AVERAGE PRICE OF 214 HOMES

$1,520,511

AVERAGE PRICE OF 19 MULTI-MILLION DOLLAR HOMES

$770,485

AVERAGE PRICE OF 12 NEWLY BUILT HOMES

$666,312

AVERAGE PRICE OF 84 HOMES WITH A POOL

$485,655

AVERAGE PRICE OF 91 REDUCED PRICE HOMES

Average Home

Average Price $578,465
Avg Bedrooms 4.25 beds
Avg Bathrooms 3.28 baths

Average Price by Bedrooms

2 bedrooms $185,360
3 bedrooms $312,250
4 bedrooms $504,073
5 bedrooms $730,401
Germantown Home Price Trends
  9/2018 8/2018 7/2018 6/2018 5/2018
Total Listings 219 229 230 228 222
Average Price $562,180 $540,034 $538,173 $545,500 $542,494
Avg Price Change +4.10% +0.35% -1.36% +0.55% n/a
Median Price $431,830 $423,698 $416,201 $426,775 $425,157
Med Price Change +1.92% +1.80% -2.54% +0.38% n/a
Avg Bedrooms 4.2 beds 4.23 beds 4.26 beds 4.31 beds 4.27 beds
Avg Bathrooms 3.19 baths 3.16 baths 3.19 baths 3.22 baths 3.2 baths
Total Homes Average Price Avg Days on Site
All Homes 214 $578,465 86 days
Multi-Million Dollar Homes 19 $1,520,511 165 days
Newly Built Homes 12 $770,485 322 days
Homes with a Pool 84 $666,312 83 days
Reduced Price Homes 91 $485,655 103 days