MEMPHIS, Tenn., Oct. 13, 2025 – Memphis-area home sales for September increased 13.0 percent from a year ago, with 1,460 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were up 8.8 percent from August, when there were 1,342 total sales. The average sales price from September to September decreased 1.2 percent, to $285,488. Inventory decreased 1.4 percent, with 4,571 units listed for sale. September average DOM was 57, a 9.6 percent increase from the previous month. Sales volume YTD decreased 2.7 percent, to $3.21 billion.
September Comparison
2025 |
2024 |
Percentage Change |
|
Total Home Sales |
1,460 | 1,292 | +13% |
Median Sales Price |
$230,000 | $215,000 | +7% |
Average Sales Price |
$285,488 | $288,847 | -1.2% |
Monthly Sales Volume |
$416.8 million | $373.2 million | +11.7% |
Year-to-Date Comparison
2025 |
2024 |
Percentage Change |
|
Total Home Sales |
11,666 | 12,212 | -4.5% |
Median Sales Price |
$225,000 | $212,000 | +6.1% |
Average Sales Price |
$275,136 | $270,501 | +1.7% |
Monthly Sales Volume |
$3.21 billion | $3.30 billion | -2.7% |
“We saw a nice jump in total sales from August to September,” said MAAR President Greg Renfrow. “Anytime you have a 13 percent increase, that’s noteworthy.”
Historical home sale statistics are also available for comparison.