Bryan Realty

Germantown, TN 38139

Single-Family Homes

Market Report / michael@bryanrealty.com



Germantown, TN 38139

Fri Mar 29 2024
This week the median list price for Germantown, TN 38139 is $709,450 with the market action index hovering around 40. This is an increase over last month's market action index of 37. Inventory has decreased to 38. Click here to stay informed with the Germantown market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Germantown, TN 38139

Fri Mar 29 2024
This week the median list price for Germantown, TN 38139 is $709,450 with the market action index hovering around 40. This is an increase over last month's market action index of 37. Inventory has decreased to 38. Click here to stay informed with the Germantown market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Germantown market.
Median List Price $709,450
Median Price of New Listings $675,000
Per Square Foot $197
Average Days on Market 81
Median Days on Market 46
Price Decreased 42%
Price Increased 0%
Relisted 8%
Inventory 38
Median Rent
Market Action 40
Slight Seller's Advantage

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,650,000 5,375 0.5 - 1 acre 5 5.5 23 0 1 77
$830,000 4,000 0.25 - 0.5 acre 4 3.5 18 2 1 42
$675,000 3,800 0.25 - 0.5 acre 4 3.5 29 4 1 24
$504,950 2,800 0.25 - 0.5 acre 4 2.5 41 1 1 52