38224
Paris, Tennessee
Paris 38224 needs watching.
The 38224 ZIP code in Paris, Tennessee has a median sale price of $244K, down N/A year-over-year. Homes spend an average of 94 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 37 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 38224.
The Paris, TN 38224 market is showing clear signs of deceleration, with the median sale price holding at $244,000 but displaying flat year-over-year growth. Homes are averaging 94 days on market, substantially above the national benchmark of 30-45 days for balanced conditions. Notably, zero percent of properties sold above list price in the current period, indicating buyers face minimal competition and sellers hold limited pricing power in negotiations.
This environment heavily favors deliberate buyers with financing contingencies and inspection requirements, as the 94-day absorption period provides ample time for due diligence without urgency premiums. Cash investors seeking rental properties can leverage the stagnant price appreciation and zero above-ask sales to negotiate 5-10% below list price. Sellers face challenges unless priced at or below the $244,000 median, as properties above this threshold will likely exceed the already-extended 94-day marketing period.
The PropIQ score of 37/100 signals deteriorating fundamentals that typically precede price corrections in secondary markets. With no homes commanding premiums and days-on-market nearly double healthy levels, the next quarter will likely test whether the current flat pricing can hold or if sellers must accept 3-5% reductions to clear inventory. Monitor weekly listing volume and any movement in days-on-market below 80 as early reversal indicators.
What is the median home price in 38224 Paris?
The median sale price in 38224 is $244K, down N/A year-over-year as of 2026-02-28.
How long do homes stay on the market in Paris 38224?
Homes in 38224 Paris spend an average of 94 days on market before going under contract.
Is Paris 38224 a good place to invest in real estate?
Folio's PropIQ™ score for 38224 is 37/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 37 mean for 38224?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 37 = Caution in 38224 Paris, Tennessee.