The Germantown housing market is very competitive. Homes in Germantown receive 5 offers on average and sell in around 20 days. The median sale price of a home in Germantown was $420K last month, up 12.9% since last year. The median sale price per square foot in Germantown is $262, up 9.2% since last year.
What is the housing market like in Germantown today?
In March 2024, Germantown home prices were up 12.9% compared to last year, selling for a median price of $420K. On average, homes in Germantown sell after 20 days on the market compared to 12 days last year. There were 62 homes sold in March this year, down from 71 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$420,000
+12.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Germantown, MD
$420,000
+12.9%
United States
To compare other locations to the Germantown and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Germantown add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Germantown housing market?
Germantown is very competitive. Homes sell in 19 days.
0
100
84
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 19 days.
Hot homes
can sell for about 4% above list price and go pending in around 6 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Germantown
Explore recent offers and recently sold homes in Germantown
Recent offers
Offer Not Accepted|
8 Weeks Ago
~$350K Offer
Sold for $350K
2bd | 2ba | ~1,500sqft
Over List Price
6%
Days on Market
5
Competing Offers
9
Down Payment
<10%
Eric Hovanky
Germantown Redfin Agent
We offered $340k and escalated to $345k (client desired) with no inspection contingencies. Listing agent told us there were 10 offers total and we were not close to be first back-up.…
More
Offer Not Accepted|
11 Weeks Ago
~$275K Offer
Sold for $275K
2bd | 2ba | ~1,000sqft
Over List Price
0%
Days on Market
6
Competing Offers
5
Down Payment
<10%
Jamie Smart
Germantown Redfin Agent
The home received 5 offers in total. We submitted at asking and included an escalation clause and all the contingencies. The winning offer was cash with no contingencies. …
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Germantown housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Germantown.
Risk Factor
Flood Factor - Moderate
5% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Germantown has a moderate risk of flooding. 587 properties in Germantown are likely to be
severely affected
by flooding over the next 30 years. This represents 5% of all properties in Germantown. Flood risk is increasing slower than the national average.
44% of properties are at risk of wildfire over the next 30 years
Fire Factor
Germantown has a moderate risk of wildfire. There are 9,443 properties in Germantown that have some risk of being affected by wildfire over the next 30 years. This represents 44% of all properties in Germantown.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Germantown has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Germantown is most at risk from hurricanes. 21,315 properties in Germantown have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 60 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 74 mph.