Germantown Housing Market Report December 2024•Shelby County, Tennessee

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Housing Prices in Germantown, TN

How much do homes in Germantown, TN cost?

Housing Market Conditions

Is Germantown, TN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Germantown is a Seller's Market

Difference Since November 2024

Last month, Germantown has remained a Seller's Market.

Insight

Germantown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$440,000–
-$45,750
-9.4%

Based on all homes sold in December 2024

Insight

Homes in Germantown have sold for 9.4% less than they did a month ago.

Summary: The median home sold price in Germantown was $440,000 in December 2024, down 9.4% from last month, and the median price per square foot was $0.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Eads
+27.4%
Memphis
+5.9%
Collierville
+5.0%
Cordova
-6.3%
Germantown
-9.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsNov 2024Dec 2024Change MoM
1-$99.9K
N/A
2$295K$248.5K
-15.8%
3$343K$362.1K
+5.6%
4$499K$460K
-7.8%
5$619.4K$775K
+25.1%

Summary: Germantown housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -15.8%. The home price for 3 bedroom homes increased by +5.6%. The home price for 4 bedroom homes decreased by -7.8%. The home price for 5 bedroom homes increased by +25.1%.

Housing supply in Germantown, TN

How many homes are available in Germantown, TN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
184Last MonthDec 2024
1962 months agoNov 2024
-6.1 %
Change MoMNov – Dec

Summary: The Germantown real estate market had 184 homes for sale in Dec 2024, a 6.1 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
42Last MonthDec 2024
442 months agoNov 2024
-4.5 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
111
0.0%
2117
-36.4%
32932
+10.3%
410199
-2.0%
55445
-16.7%

Summary: Germantown housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -36.4%. The inventory for 3 bedroom homes increased by +10.3%. The inventory for 4 bedroom homes decreased by -2.0%. The inventory for 5 bedroom homes decreased by -16.7%.

Asking Price vs. Sold Price

How much do homes in Germantown, TN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price9 Homes

Under Asking Price31 Homes

Insight

If you're buying a home in Germantown, you may be able to get a good deal. 73.8% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in Germantown in December 2024, down by 4.5% month-over-month. Of the 42 sold homes, 74% were sold under asking, 21% were sold at asking, and and 5% were sold over asking.

Days on Market for Germantown, TN

We’re sorry, we don't have information for this market at the moment.

Home sale times aren’t available for this area.

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Newest Listings in Germantown, TN

What homes are available in Germantown, TN?

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MLS Disclaimers and Copyright

Based on information from Memphis MLS, for the period 11/01/2024 - 01/01/2025

Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.