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ZIP 38138 in Germantown, TN: housing market trends

The median home sale price in ZIP 38138 in Germantown, TN was $434,872 for the three-month period ending September 2026. Sale prices were 3.4% lower than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$434,872
three-month period ending September 2026
Median sale price per sq ft
$165.06
three-month period ending September 2026
Active listings
234
three-month period ending September 2026
Typical monthly rent
$2,319
Rent index · August 2026

How is housing inventory changing?

There were 234 active listings for the three-month period ending September 2026. Active listings were 2.9% lower than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 37 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 38138 in Germantown, TN
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$434,872$165.06116
Single-familySeptember 2026$479,879$166.2196
TownhousesSeptember 2026$179,000$136.503 · small sample
Condos / co-opsSeptember 2026$219,494$155.8818
Multifamily (2–4 units)September 2026UnavailableUnavailableUnavailable

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 38138 in Germantown, TN
MarketMedian sale priceReporting period / source
Germantown, TN$475,000Month ending July 2026 · Zillow
Collierville, TN$499,000Month ending July 2026 · Zillow
Cordova, TN$289,000Month ending July 2026 · Zillow
Memphis, TN$148,000Month ending July 2026 · Zillow
Bartlett, TN$312,500Month ending July 2026 · Zillow
Piperton, TN$752,1423 months ending September 2026 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 38138 in Germantown, TN
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$434,872$165.06234
August 2026$437,500$170.17248
July 2026$454,000$171.81239
June 2026$452,000$169.40247
May 2026$460,750$164.64265
April 2026$452,500$163.41253
March 2026$440,000$164.06221
February 2026$407,500$163.84191
January 2026$417,500$161.67172
December 2025$422,500$162.81184
November 2025$455,000$164.83200
October 2025$450,000$170.90230
September 2025$450,000$170.77241
August 2025$433,750$168.44257
July 2025$439,000$168.85274
June 2025$442,500$170.79276
May 2025$446,850$173.45265
April 2025$453,500$171.77234
March 2025$449,000$173.08218
February 2025$427,500$175.00183
January 2025$421,500$175.00191
December 2024$428,750$171.98188
November 2024$443,200$166.67203
October 2024$444,900$170.45224

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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