Germantown, TN Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Germantown, TN is $484,500, down 1.1% year-over-year. Homes sell in an average of 47 days with 150 active listings. The market is currently a balanced market.
$484,500median sale price
Is Germantown a buyer's or seller's market?
Germantown, TN is currently a balanced market, based on 3.9 months of supply and homes selling in about 47 days. How we determine this →
Homes sold
38
Last 12 weeks
Days on market
47
Average pace
Active listings
150
3.9 months supply
Sale-to-list
98.1%
Below asking
Germantown, TN market data
| Metric | Value |
|---|---|
| Median sale price | $484,500 |
| Median list price | $492,000 |
| Year-over-year price change | -1.1% |
| Average days on market | 47 days |
| Active inventory | 150 listings |
| Months of supply | 3.9 months |
| Sale-to-list price ratio | 98.1% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Germantown housing market is currently classified as a balanced market with a median sale price of $484,500. Prices have fallen 1.1% compared to last year, with homes spending an average of 47 days on market, indicating 3.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Germantown
There are currently 150 homes listed for sale in Germantown, Tennessee. The median listing price is $492K.
Active listings
150
Homes on market
Median list price
$492K
Avg. days on market
47
Days until sale
New this week
77
Newly listed
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Frequently asked questions
What is the average home price in Germantown?
The median home sale price in Germantown is $484,500, down 1.1% from last year.
How long do homes stay on market in Germantown?
Homes typically spend 47 days on market before going under contract.
Is Germantown a buyer's or seller's market?
With 3.9 months of supply, Germantown is currently a balanced market.
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