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Michelle Amen
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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

$620,078

AVERAGE PRICE OF 184 HOMES

$1,476,625

AVERAGE PRICE OF 24 MULTI-MILLION DOLLAR HOMES

$1,160,000

AVERAGE PRICE OF 11 NEWLY BUILT HOMES

$694,244

AVERAGE PRICE OF 79 HOMES WITH A POOL

$529,763

AVERAGE PRICE OF 11 REDUCED PRICE HOMES

Average Home

Average Price $620,078
Avg Bedrooms 4.27 beds
Avg Bathrooms 3.29 baths

Average Price by Bedrooms

1 bedroom $149,900
2 bedrooms $204,383
3 bedrooms $340,700
4 bedrooms $479,751
5 bedrooms $867,736
Germantown Home Price Trends
  5/2020 4/2020 3/2020 2/2020 1/2020
Total Listings 190 169 162 147 149
Average Price $588,400 $632,668 $645,159 $640,031 $618,047
Avg Price Change -7.52% -1.97% +0.80% +3.56% +2.45%
Median Price $430,786 $448,332 $465,281 $448,058 $449,882
Med Price Change -4.07% -3.78% +3.84% -0.41% -1.90%
Avg Bedrooms 4.22 beds 4.25 beds 4.29 beds 4.31 beds 4.32 beds
Avg Bathrooms 3.19 baths 3.3 baths 3.35 baths 3.37 baths 3.34 baths
Total Homes Average Price Avg Days on Site
All Homes 184 $620,078 84 days
Multi-Million Dollar Homes 24 $1,476,625 182 days
Newly Built Homes 11 $1,160,000 139 days
Homes with a Pool 79 $694,244 94 days
Reduced Price Homes 11 $529,763 86 days