Single-Family Homes
Fri Mar 29 2024
This week the median list price for Germantown, TN 38139 is $709,450 with the market action index hovering around 40. This is an increase over last month's market action index of 37. Inventory has decreased to 38.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Median List Price | $709,450 | |
Median Price of New Listings | $675,000 | |
Per Square Foot | $197 | |
Average Days on Market | 81 | |
Median Days on Market | 46 | |
Price Decreased | 42% | |
Price Increased | 0% | |
Relisted | 8% | |
Inventory | 38 | |
Median Rent | ||
Market Action | 40 | |
Slight Seller's Advantage |
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,650,000 | 5,375 | 0.5 - 1 acre | 5 | 5.5 | 23 | 0 | 1 | 77 |
$830,000 | 4,000 | 0.25 - 0.5 acre | 4 | 3.5 | 18 | 2 | 1 | 42 |
$675,000 | 3,800 | 0.25 - 0.5 acre | 4 | 3.5 | 29 | 4 | 1 | 24 |
$504,950 | 2,800 | 0.25 - 0.5 acre | 4 | 2.5 | 41 | 1 | 1 | 52 |