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Featured local agent — Germantown, TN
Sarah Mitchell
Compass Real Estate · Germantown, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Germantown, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$520,000median sale price
How is the Germantown, TN housing market right now?
The median home sale price in Germantown, TN is $520,000, up 6.1% year-over-year. Homes sell in an average of 20 days with 187 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Germantown a buyer's or seller's market?
Germantown, TN is currently a balanced market, based on 3.1 months of supply and homes selling in about 20 days. How we determine this →
Homes sold
61
Last 12 weeks
Days on market
20
Fast-moving
Active listings
187
3.1 months supply
Sale-to-list
98.1%
Below asking
What does the Germantown housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $520,000 |
| Median list price | $599,900 |
| Year-over-year price change | +6.1% |
| Average days on market | 20 days |
| Active inventory | 187 listings |
| Months of supply | 3.1 months |
| Sale-to-list price ratio | 98.1% |
| Median price per sq ft | $179/sq ft |
| Homes sold (latest month) | 61 |
| New listings (latest month) | 78 |
| Listings with a price cut | 33.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Germantown by property type?
How the Germantown, TN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $536,000 | $179/sq ft | 56 | 20 days |
| Condo / Co-op | $207,500 | $212/sq ft | 4 | 15 days |
| Townhouse | $454,000 | $164/sq ft | 1 | 18 days |
Source: Redfin · Updated monthly
The Germantown housing market is currently classified as a balanced market with a median sale price of $520,000. Prices have risen 6.1% compared to last year, with homes spending an average of 20 days on market, indicating 3.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.4x provides context for how home values compare to local earning capacity.
Homes for sale in Germantown
There are currently 187 homes listed for sale in Germantown, Tennessee. The median listing price is $600K.
Active listings
187
Homes on market
Median list price
$600K
Avg. days on market
20
Days until sale
New this week
78
Newly listed
Who lives in Germantown?
Population
40,812
Median income
$144,799/yr
Median age
43.9 years
Owner-occupied
86.2%
College grads
71.2%
Avg commute
20.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Germantown?
Zillow home value
$495,031
Zillow rent index
$2,533/mo
Price-to-rent ratio
16.3x
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Germantown?
Germantown is a community of approximately 41K residents with a median age of 43.9 years.The median household income is $144,799, which reflects a relatively affluent area with strong earning potential. 71.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 86.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 20.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Germantown offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Germantown?
11 schools tracked · 9,739 students
The largest public schools serving Germantown, TN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Houston High School
Grades 9-12 · 1,932 students
Germantown High
Grades 9-12 · 1,765 students
Riverdale Elementary School
Grades PK-8 · 1,164 students
Houston Middle School
Grades 6-8 · 886 students
Germanshire Elementary
Grades PK-5 · 751 students
Forest Hill Elementary School
Grades PK-5 · 689 students
Dogwood Elementary School
Grades PK-5 · 647 students
Farmington Elementary School
Grades PK-5 · 645 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Germantown, TN?
Want a head-to-head view? Compare Germantown side-by-side with any other U.S. city using our market-comparison tool.
Is Germantown a good real estate investment market?
For investors evaluating Germantown, the price-to-rent ratio of 16.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 6.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Germantown's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Germantown's median home price.
Frequently asked questions
What is the average home price in Germantown?
The median home sale price in Germantown is $520,000, up 6.1% from last year.
How long do homes stay on market in Germantown?
Homes typically spend 20 days on market before going under contract.
What is the median income in Germantown?
The median household income is $144,799 per year.
Is Germantown a buyer's or seller's market?
With 3.1 months of supply, Germantown is currently a balanced market.
What is the Zillow home value estimate for Germantown?
The Zillow Home Value Index (ZHVI) for Germantown is $495,031, representing the typical home value in the area.
What is the median condo price in Germantown?
The median condo/co-op sale price in Germantown, TN is $207,500, compared to $536,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Germantown?
The median single-family home price in Germantown, TN is $536,000 (about $179 per square foot).
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