Is Germantown, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Germantown has remained a Seller's Market.
Key Takeaway
Germantown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Germantown, WI
How much do homes in Germantown, WI cost?
Median Sold Price
$403,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Germantown have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Germantown was $403,000 in April 2024, up 6.8% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125.5K | $166.2K | +32.4% |
| 2 Bedrooms | $201K | $190.7K | -5.1% |
| 3 Bedrooms | $373K | $392.5K | +5.2% |
| 4 Bedrooms | $494K | $536.2K | +8.6% |
| 5+ Bedrooms | $543K | $634.9K | +16.9% |
Summary: Germantown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.4%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Cities
| Germantown | $377.5K | $403K | +6.8% |
| Arkdale | $325K | $243K | -25.2% |
Housing Supply in Germantown, WI
How many homes are available in Germantown, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 92 | 103 | +12.0% |
Summary: The Germantown real estate market had 103 homes for sale in April 2024, a 12.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 23 | 23 | 0.0% |
| 3 Bedrooms | 36 | 45 | +25.0% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Germantown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 23 | -14.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Germantown, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Germantown in April 2024, down by 14.8% month-over-month. Of the 23 sold homes, 35% were sold under asking, 9% were sold at asking, and 57% were sold over asking.
Days on Market for Germantown, WI
We’re sorry, we don't have information for this market at the moment
