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Germantown, TN 38138 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Germantown, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.04
ActiveActive listings: 5353PendingPending sales: 22
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): $480k$480kSoldMedian sold price (last 6 months): $435k$435k
What homes actually sell for in Germantown, TN
Distribution of 277 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $355k to $578k
$195k to $324k: 42 sales$195k$324k to $452k: 96 sales96sales$452k to $581k: 58 sales$452k$581k to $710k: 27 sales$710k to $839k: 12 sales$710k$839k to $968k: 7 sales$968k to $1.1M: 4 sales$968k$1.1M to $1.23M: 4 salesMedian $435k

What the numbers say

As of October 5, 2026, Resideline is tracking 53 active listings and 2 pending sales in ZIP code 38138. That pending-to-active ratio of 0.04 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $480,000, while the median of the 277 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 65 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 277 closed sales tracked by Resideline. The middle half of those sales ranged from $355,000 to $577,500.

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

Resideline is currently tracking 2 pending sales against 53 active listings in 38138, a pending-to-active ratio of 0.04. 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

Full Germantown, TN housing market report →

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