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GERMANTOWN, TN 38138

Real Estate Market Report  ·  Shelby County
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The GERMANTOWN, TN real estate market (38138) currently shows 189 active listings, with 65 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has increased compared to last year, with 24 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 47 days on market compared to 42 days last year.

The median listing price has risen 0.4% year-over-year, from $474,950 to $477,000.

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 Context

Market Context

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

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

Market Overview

Active Listings
189
⇧ 14.5% vs 165 last year
Pending
65
34% pending ratio
Median Price
$477,000
⇧ 0.4% vs $474,950 last year
Average Price
$603,172
⇩ 2.8% vs $620,235 last year
Days on Market
47
⇧ 11.9% vs 42 days last year

Price Per Square Foot

Median $/sqft
$171
⇧ 1.8% vs $168/sqft last year
Median Home Size
3,082 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 189 this year vs 165 last year
  • Days on market: 47 now vs 42 last year

Median & Average Pricing

Year over Year
  • Median: $477,000 (+0.4% YoY)
  • Average: $603,172 (-2.8% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 12.5 miles — 1,921 listings ($786,528,528 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38138Germantown, TN 381380.0 mi130$88,391,810$492,500$679,937
38119Memphis, TN 381192.7 mi105$36,298,815$299,450$345,703
38018Cordova, TN 380184.1 mi153$65,400,003$359,000$427,451
38115Memphis, TN 381154.2 mi66$9,054,804$124,725$137,194
38117Memphis, TN 381176.4 mi197$74,728,404$280,875$379,332
38134Memphis, TN 381347.2 mi95$23,323,355$246,875$245,509
38017Collierville, TN 380178.3 mi321$226,867,392$610,975$706,752
38122Memphis, TN 381228.6 mi134$23,937,626$163,253$178,639
38654Olive Branch, MS 3865410.4 mi330$142,347,480$399,975$431,356
38112Memphis, TN 3811210.9 mi78$21,691,098$242,475$278,091
38108Memphis, TN 3810811.2 mi93$10,026,609$109,250$107,813
38104Memphis, TN 3810412.0 mi147$51,369,444$299,000$349,452
38116Memphis, TN 3811612.5 mi72$13,091,688$171,725$181,829

Frequently Asked Questions

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

As of April 2026, there are 189 active listings in GERMANTOWN, TN (zip code 38138), compared to 165 the prior year.

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

The median listing price in GERMANTOWN, TN 38138 is $477,000 as of April 2026, a 0.4% increase from $474,950 the prior year.

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

Homes in GERMANTOWN, TN 38138 spend an average of 47 days on the market before going under contract, compared to 42 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 April 2026, GERMANTOWN, TN 38138 is currently a Buyer's Market. Inventory has increased compared to last year, with 24 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 47 days on market compared to 42 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 $9,540 compared to a typical 5% commission on the median listing price of $477,000. 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.