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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

    $563,962

    AVERAGE PRICE OF 212 HOMES

    $1,533,317

    AVERAGE PRICE OF 18 MULTI-MILLION DOLLAR HOMES

    $767,700

    AVERAGE PRICE OF 11 NEWLY BUILT HOMES

    $608,440

    AVERAGE PRICE OF 88 HOMES WITH A POOL

    $481,097

    AVERAGE PRICE OF 92 REDUCED PRICE HOMES

    Average Home

    Average Price $563,962
    Avg Bedrooms 4.19 beds
    Avg Bathrooms 3.2 baths

    Average Price by Bedrooms

    2 bedrooms $161,433
    3 bedrooms $341,031
    4 bedrooms $501,674
    5 bedrooms $715,884
    Germantown Home Price Trends
      8/2018 7/2018 6/2018 5/2018 4/2018
    Total Listings 229 230 228 222 n/a
    Average Price $540,034 $538,173 $545,500 $542,494 n/a
    Avg Price Change +0.35% -1.36% +0.55% n/a n/a
    Median Price $423,698 $416,201 $426,775 $425,157 n/a
    Med Price Change +1.80% -2.54% +0.38% n/a n/a
    Avg Bedrooms 4.23 beds 4.26 beds 4.31 beds 4.27 beds n/a
    Avg Bathrooms 3.16 baths 3.19 baths 3.22 baths 3.2 baths n/a
    Total Homes Average Price Avg Days on Site
    All Homes 212 $563,962 84 days
    Multi-Million Dollar Homes 18 $1,533,317 156 days
    Newly Built Homes 11 $767,700 338 days
    Homes with a Pool 88 $608,440 78 days
    Reduced Price Homes 92 $481,097 99 days