MEMPHIS, Tenn., Nov. 11, 2025 – Memphis-area home sales for October increased 2.2 percent from a year ago, with 1,234 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 15.5 percent from September, when there were 1,460 total sales. The average sales price from October to October increased 3.4 percent, to $272,142. Inventory increased 1.7 percent, with 4,651 units listed for sale. October average DOM was 54, a 5.3 percent decrease from the previous month. Sales volume YTD decreased 1.9 percent, to $3.55 billion.
October Comparison
2025 |
2024 |
Percentage Change |
|
Total Home Sales |
1,234 | 1,207 | +2.2% |
Median Sales Price |
$215,000 | $203,000 | +5.9% |
Average Sales Price |
$272,142 | $263,157 | +3.4% |
Monthly Sales Volume |
$335.8 million | $317.6 million | +5.7% |
Year-to-Date Comparison
2025 |
2024 |
Percentage Change |
|
Total Home Sales |
12,902 | 13,417 | -3.8% |
Median Sales Price |
$223,000 | $210,500 | +5.9% |
Average Sales Price |
$274,907 | $269,822 | +1.9% |
Monthly Sales Volume |
$3.55 billion | $3.62 billion | -1.9% |
“Compared to October of 2024, the numbers were better across the board,” said MAAR President Greg Renfrow. “We’ve almost caught up in sales volume YTD.”
Historical home sale statistics are also available for comparison.