Fri Mar 05 2021
This week the median list price for Germantown, TN is $807,000 with the market action index hovering around 58. This is an increase over last month's market action index of 56. Inventory has held steady at or around 24.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$807,000|
|Per Square Foot||$149|
|Days on Market||98|
|Strong Seller's Market|
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,347,000||6,124||1 - 2.5 acres||5||5||18||0||1||395|
|$922,000||5,874||0.5 - 1 acre||4||5||18||0||0||154|
|$690,000||5,249||0.25 - 0.5 acre||5||4||24||1||0||66|
|$402,425||3,499||0.25 - 0.5 acre||4||2||43||1||3||28|