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Germantown, TN 38138 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Germantown, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.15
ActiveActive listings: 4646PendingPending sales: 77
Germantown, TN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $439k$439kSoldMedian sold price (last 6 months): $435k$435k
What homes actually sell for in Germantown, TN
Distribution of 276 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $350k to $590k
$196k to $326k: 45 sales$196k$326k to $456k: 95 sales95sales$456k to $586k: 54 sales$456k$586k to $716k: 31 sales$716k to $845k: 10 sales$716k$845k to $975k: 6 sales$975k to $1.11M: 3 sales$975k$1.11M to $1.24M: 5 salesMedian $435k

What the numbers say

As of September 14, 2026, Resideline is tracking 46 active listings and 7 pending sales in ZIP code 38138. That pending-to-active ratio of 0.15 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $439,000, while the median of the 276 closed sales Resideline tracked over the last six months was $435,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 38138 for 62 days.

Frequently asked questions

What is the median home price in 38138?

The median closed sale price in Germantown, TN 38138 was $435,000 over the last six months, based on 276 closed sales tracked by Resideline. The middle half of those sales ranged from $350,000 to $590,000.

Is 38138 a buyer's or seller's market?

Resideline is currently tracking 7 pending sales against 46 active listings in 38138, a pending-to-active ratio of 0.15. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 38138 currently looks like a balanced market.

Nearby ZIP code market data

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