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GERMANTOWN, TN 38138

Real Estate Market Report  ·  Shelby County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
116
⇧ 4.5% vs 111 last year
Pending
27
23% pending ratio
Median Price
$509,500
⇧ 1.5% vs $502,175 last year
Average Price
$705,405
⇧ 2.7% vs $686,582 last year
Days on Market
80
⇩ 5.9% vs 85 days last year

Market Context

Population: 25,465  ·  Density: 829.2/mi²  ·  Median household income: $122,627

Typical home value: $367,531  ·  Homeownership: 81.5%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The GERMANTOWN, TN real estate market (38138) currently shows 116 active listings, with 27 pending sales. Homes are averaging 80 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are selling faster, averaging 80 days on market compared to 85 days last year.

The median listing price has risen 1.5% year-over-year, from $502,175 to $509,500.

Whether you are buying or selling in GERMANTOWN, TN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 116 this year vs 111 last year
  • Days on market: 80 now vs 85 last year

Median & Average Pricing

Year over Year
  • Median: $509,500 (+1.5% YoY)
  • Average: $705,405 (+2.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 12.1 miles — 1,381 listings ($473,779,080 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38138Germantown, TN 381380.0 mi116$81,826,980$509,500$705,405
38119Memphis, TN 381192.7 mi102$36,555,780$314,900$358,390
38018Cordova, TN 380184.1 mi141$55,623,513$354,500$394,493
38115Memphis, TN 381154.2 mi69$9,758,946$132,500$141,434
38141Memphis, TN 381415.7 mi52$9,722,388$184,500$186,969
38016Cordova, TN 380166.9 mi149$49,009,229$325,000$328,921
38118Memphis, TN 381188.1 mi102$14,422,086$139,000$141,393
38111Memphis, TN 381118.4 mi198$49,977,576$199,900$252,412
38133Memphis, TN 381338.9 mi65$20,764,120$314,975$319,448
38114Memphis, TN 3811410.6 mi105$15,963,990$120,525$152,038
38135Memphis, TN 3813511.0 mi83$28,935,543$331,250$348,621
38028Eads, TN 3802811.6 mi57$74,997,351$749,950$1,315,743
38128Memphis, TN 3812812.1 mi142$26,221,578$169,498$184,659

Frequently Asked Questions

How many homes are for sale in GERMANTOWN, TN 38138?

As of January 2026, there are 116 active listings in GERMANTOWN, TN (zip code 38138), compared to 111 the prior year.

What is the median home price in GERMANTOWN, TN 38138?

The median listing price in GERMANTOWN, TN 38138 is $509,500 as of January 2026, a 1.5% increase from $502,175 the prior year.

How long do homes stay on the market in GERMANTOWN, TN?

Homes in GERMANTOWN, TN 38138 spend an average of 80 days on the market before going under contract, compared to 85 days the prior year.

Is it a seller's or buyer's market in GERMANTOWN, TN 38138?

Based on current inventory and days-on-market data as of January 2026, GERMANTOWN, TN 38138 is currently a Balanced Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are selling faster, averaging 80 days on market compared to 85 days last year.

How much can I save on real estate commission in GERMANTOWN, TN?

With SELL123.com's maximum 3% commission, sellers in GERMANTOWN, TN 38138 save an estimated $10,190 compared to a typical 5% commission on the median listing price of $509,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.