MEMPHIS, Tenn., Sept. 10, 2025 – Memphis-area home sales for August decreased 8.5 percent from a year ago, with 1,342 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were flat from July, when there were 1,341 total sales. The average sales price from August-to-August decreased 0.6 percent, to $273,545. Inventory increased 0.8 percent, with 4,637 units listed for sale. August average DOM was 52, a 13 percent increase from the previous month. Sales volume YTD decreased 4.4 percent, to $2.80 billion.
August Comparison
2025 |
2024 |
Percentage Change |
|
Total Home Sales |
1,342 | 1,467 | -8.5% |
Median Sales Price |
$224,750 | $215,000 | +4.5% |
Average Sales Price |
$273,545 | $275,074 | -0.6% |
Monthly Sales Volume |
$367.1 million | $403.5 million | -9% |
Year-to-Date Comparison
2025 |
2024 |
Percentage Change |
|
Total Home Sales |
10,205 | 10,920 | -6.5% |
Median Sales Price |
$224,750 | $215,000 | +4.5% |
Average Sales Price |
$273,716 | $268,330 | +2% |
Monthly Sales Volume |
$2.8 billion | $2.93 billion | -4.4% |
“The market remains pretty stable as summer draws to a close,” said MAAR President Greg Renfrow. “Buyers have choices and sellers need to have their homes move-in ready.”
Historical home sale statistics are also available for comparison.