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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