MEMPHIS, Tenn., May 12, 2025 – Memphis-area home sales for April decreased 18.3 percent from a year ago, with 1,132 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 7.5 percent from March, when there were 1,224 total sales. The average sales price from April-to-April increased 1.9 percent, at $268,819. Inventory increased 5.9 percent, with 4,037 units listed for sale. April average DOM was 51, a 16.4 percent decrease from the previous month. Sales volume YTD decreased 6.5 percent, to $1.23 billion.
April Comparison
2025 |
2024 |
Percentage Change |
|
Total Home Sales |
1,132 | 1,386 | -18.3% |
Median Sales Price |
$218,000 | $210,000 | +3.8% |
Average Sales Price |
$268,819 | $263,769 | +1.9% |
Monthly Sales Volume |
$304.3 million | $365.6 million | -16.8% |
Year-to-Date Comparison
2025 |
2024 |
Percentage Change |
|
Total Home Sales |
4,480 | 5,000 | -10.4% |
Median Sales Price |
$210,000 | $195,000 | +7.7% |
Average Sales Price |
$257,558 | $247,002 | +4.3% |
Monthly Sales Volume |
$1.15 billion | $1.23 billion | -6.5% |
“Sales were higher in April 2024, but there was an 8.3 percent jump in pending sales at the close of the month,” said MAAR President Greg Renfrow. “Inventory increased in April while DOM dropped, suggesting more activity to come.”
Historical home sale statistics are also available for comparison.