How's the Real Estate Market in Germantown MD?
Germantown home sales saw the following changes in
February 2020 compared to last year at this time:
- average sold price was $318,735 compared to last year's $342,720
- average days on market to sell a home went to 40 days from 47 days
- average sold price sellers are getting changed to 97.9% from 96.7%
Germantown market activity is summarized in the following chart (mouse over for details):
Germantown Homes Sold
Through February 2020 there were 12 single family homes, 36 townhouses and 28 condos sold. The most expensive single family sold for $970,000 in Darnestown Outside. The most expensive townhome sold for $495,818 in Century. The most expensive condo sold for $377,000 in Willow Cove. There were 8 cash buyers (mostly investors) or 10.5% of buyers.
The chart below shows average home price in Germantown by type.
Are Sellers Getting Their Asking Price in Germantown?
The chart below shows the proportion of the original listing price a home seller is getting when they sell, taking into account price reductions.. You can see more details in our Germantown Property Value Report.
How Long is it Taking to Sell a Home?
In February 2020, the average days on market was 40 compared to 47 days the same time last year. You can see more market statistics in our Germantown Real Estate Trends Market Report.
Call Bob Myers of Re/Max Realty Services at 301-910-9910. If you have any questions about the value of your home or the real estate market. Search for Germantown homes for sale, save your favorites and get updates: