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Germantown, TN 38139 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Germantown, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.08
ActiveActive listings: 3838PendingPending sales: 33
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): $650k$650kSoldMedian sold price (last 6 months): $598k$598k
What homes actually sell for in Germantown, TN
Distribution of 184 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $468k to $820k
$290k to $429k: 25 sales$290k$429k to $568k: 52 sales52sales$568k to $706k: 28 sales$568k$706k to $845k: 26 sales$845k to $984k: 15 sales$845k$984k to $1.12M: 9 sales$1.12M to $1.26M: 5 sales$1.12M$1.26M to $1.4M: 6 salesMedian $598k

What the numbers say

As of October 26, 2026, Resideline is tracking 38 active listings and 3 pending sales in ZIP code 38139. That pending-to-active ratio of 0.08 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $649,950, while the median of the 184 closed sales Resideline tracked over the last six months was $598,000. 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 38139 for 96 days.

Frequently asked questions

What is the median home price in 38139?

The median closed sale price in Germantown, TN 38139 was $598,000 over the last six months, based on 184 closed sales tracked by Resideline. The middle half of those sales ranged from $468,000 to $820,000.

Is 38139 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 38 active listings in 38139, a pending-to-active ratio of 0.08. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 38139 is currently a typical-pace market.

Nearby ZIP code market data

Full Germantown, TN housing market report →

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