Germantown Real Estate Market Update 5/9/23

Germantown Real Estate Market Update 5/9/23

The current real estate market in Germantown, MD is a seller's market. This means that there are more buyers than there are homes for sale, which gives sellers an advantage in negotiations. The median home price in Germantown is $371,000, and homes are typically on the market for about 11 days.

Here are some other key statistics about the Germantown real estate market:

• Average home price: $371,000

• Days on market: 11

• Number of homes sold: 72

• Number of homes for sale: 44

• Median list price: $390,950

• Median sale price: $371,000

• Sale price to list price ratio: 97.8%

• Number of offers per home: 5

• Average days to close: 30

If you're thinking about buying or selling a home in Germantown, it's important to work with a real estate agent who knows the market and can help you get the best possible deal.