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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 95 days
    Multi-Million Dollar Homes 15 $1,589,647 164 days
    Newly Built Homes 15 $785,694 287 days
    Homes with a Pool 63 $667,092 86 days
    Reduced Price Homes 80 $505,802 115 days
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