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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

$602,823

AVERAGE PRICE OF 209 HOMES

$1,488,662

AVERAGE PRICE OF 21 MULTI-MILLION DOLLAR HOMES

$994,744

AVERAGE PRICE OF 18 NEWLY BUILT HOMES

$678,569

AVERAGE PRICE OF 91 HOMES WITH A POOL

$564,418

AVERAGE PRICE OF 11 REDUCED PRICE HOMES

Average Home

Average Price $602,823
Avg Bedrooms 4.33 beds
Avg Bathrooms 3.39 baths

Average Price by Bedrooms

2 bedrooms $142,233
3 bedrooms $331,926
4 bedrooms $462,300
5 bedrooms $791,295
Germantown Home Price Trends
  7/2019 6/2019 5/2019 4/2019 3/2019
Total Listings n/a 219 218 189 165
Average Price n/a $575,105 $565,648 $578,657 $562,325
Avg Price Change n/a +1.67% -2.30% +2.90% -2.90%
Median Price n/a $449,832 $450,324 $462,184 $456,863
Med Price Change n/a -0.11% -2.63% +1.16% +0.55%
Avg Bedrooms n/a 4.3 beds 4.29 beds 4.3 beds 3.63 beds
Avg Bathrooms n/a 3.26 baths 3.22 baths 3.3 baths 3.13 baths
Total Homes Average Price Avg Days on Site
All Homes 209 $602,823 76 days
Multi-Million Dollar Homes 21 $1,488,662 149 days
Newly Built Homes 18 $994,744 138 days
Homes with a Pool 91 $678,569 85 days
Reduced Price Homes 11 $564,418 44 days