Is Germantown, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Germantown has remained a Seller's Market.
Housing Prices in Germantown, WI
How much do homes in Germantown, WI cost?
Median Sold Price
$409,900
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Germantown was $409,900 in May 2024, up 14.5% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130.5K | $176.5K | +35.2% |
2 Bedrooms | $199K | $206.2K | +3.6% |
3 Bedrooms | $364.7K | $410K | +12.4% |
4 Bedrooms | $480K | $540K | +12.5% |
5+ Bedrooms | $471.2K | $573.2K | +21.6% |
Summary: Germantown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.2%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 21.6%.
Median Sold Price Compared To Nearby Cities
Colgate | $427K | $549.4K | +28.7% |
Germantown | $358K | $409.9K | +14.5% |
Menomonee Falls | $350K | $392.1K | +12.0% |
Hubertus | $426.7K | $470K | +10.1% |
Richfield | $450K | $476.2K | +5.8% |
Housing Supply in Germantown, WI
How many homes are available in Germantown, WI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 73 | +17.7% |
Summary: The Germantown real estate market had 73 homes for sale in May 2024, a 17.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 14 | 12 | -14.3% |
3 Bedrooms | 29 | 36 | +24.1% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Germantown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 16 | -11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Germantown in May 2024, down by 11.1% month-over-month. Of the 16 sold homes, 31% were sold under asking, 25% were sold at asking, and 44% were sold over asking.
Days on Market for Germantown, WI
We’re sorry, we don't have information for this market at the moment