38231
Paris, Tennessee
Paris 38231 needs watching.
The 38231 ZIP code in Paris, Tennessee has a median sale price of $140K, down -51.2% year-over-year. Homes spend an average of 126 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 38231.
The Paris, TN 38231 market shows severe contraction, with the median sale price at $140,000 representing a dramatic 51.2% year-over-year decline. Homes are averaging 126 days on market, triple the typical velocity in balanced conditions. Zero properties sold above list price in the current period, indicating buyers hold complete pricing leverage. This level of price deterioration suggests either significant economic disruption in the local market or a shift in property mix being sold.
Price-sensitive buyers gain maximum negotiating power in this environment, with the 126-day average DOM providing extended windows for due diligence and multiple bid iterations. Investors seeking distressed opportunities or repositioning plays find optimal entry conditions when year-over-year declines exceed 50%. Sellers face challenging conditions and should delay listings unless compelled by external circumstances, as the zero above-list sales metric confirms no premium capture exists currently.
The PropIQ score of 37 signals sustained caution, indicating market stabilization remains distant and further price discovery likely continues through upcoming quarters. Monitoring absorption rates and any reduction in DOM below 100 days would provide the first technical indicator of bottoming. Until the score reaches 50-plus territory and above-list sales reappear, expect continued buyer advantage and limited price appreciation potential.
What is the median home price in 38231 Paris?
The median sale price in 38231 is $140K, down -51.2% year-over-year as of 2026-02-28.
How long do homes stay on the market in Paris 38231?
Homes in 38231 Paris spend an average of 126 days on market before going under contract.
Is Paris 38231 a good place to invest in real estate?
Folio's PropIQ™ score for 38231 is 37/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 37 mean for 38231?
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 38231 Paris, Tennessee.