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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.