Magnetic and nonmagnetic shape memory alloys (SMAs) exhibit thermoelastic martensitic transformations (MTs) which are hysteretic due to their first-order nature. According to the thermodynamic Landau theory of phase transitions, which assumes ideal thermoelastic equilibrium at each point of the MT interval, the hysteresis is explained by the different limits of stability for austenite and martensite in the phase diagram. No interactions on the phase boundaries are taken into account. In the real alloys, the hysteresis of MT is related not only to the stability intervals of two phases but also to the processes of nucleation and growth of the resultant phase inside the parent phase. In turn, the features of these processes are related to the heights of energy barriers caused by the incompatibility of austenitic and martensitic lattices, crystal defects and some other physical factors. However, the defects, normally, play a minor role in the width of MT hysteresis if compared to the thermodynamic and crystallographic factors. A reduction of hysteresis of MT in SMAs, being crucial for technology, presents a challenging problem for scien ... mehrce. A decrease of hysteresis width of MT was observed recently for the single crystals of ferromagnetic SMAs such Ni-Fe(Co)-Ga and Fe–Pd on approaching of their transformation paths to the critical point in stress–temperature phase diagram. Moreover, the superelastic and shape memory properties characterized by the nearly-zero hysteresis width were observed in the postcritical transformational regime. Here we show that both the Landautype theory of ferroelastic phase transitions and neutron diffraction experiments carried out under axial compression describe the essential features of these properties. We also interpret the experimentally observed anhysteretic phenomena in Ni-Mn-Ga thin films and nanobeam actuators in terms of their postcritical state.