38251
Paris, Tennessee
Paris 38251 needs watching.
The 38251 ZIP code in Paris, Tennessee has a median sale price of $233K, up +108.0% year-over-year. Homes spend an average of 92 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 60 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 38251.
The Paris, TN 38251 market shows a median sale price of $233,000 as of February 2026, representing an extraordinary 108% year-over-year increase that signals either significant appreciation or fundamental shifts in sales mix composition. Properties are averaging 92 days on market, indicating a measured pace rather than competitive conditions. Notably, zero homes are selling above list price, suggesting buyers maintain negotiating leverage despite the dramatic price increase year-over-year.
This market configuration favors patient buyers willing to negotiate, given the 92-day absorption rate and absence of above-ask transactions. Sellers who purchased over 18 months ago can capitalize on substantial equity gains from the price doubling, though they must price appropriately to avoid extended market time. Investors should exercise caution as the PropIQ score of 60 signals potential volatility, making this unsuitable for quick-flip strategies given the three-month typical marketing period.
The 60 PropIQ rating combined with 0% above-list sales suggests the market is digesting last year's price surge and may be approaching correction territory. Watch for median price stabilization or decline in upcoming quarters as the 108% gain appears unsustainable without corresponding demand indicators. The 92-day marketing period could extend further if pricing remains elevated relative to local wage growth and buyer qualification thresholds.
What is the median home price in 38251 Paris?
The median sale price in 38251 is $233K, up +108.0% year-over-year as of 2026-02-28.
How long do homes stay on the market in Paris 38251?
Homes in 38251 Paris spend an average of 92 days on market before going under contract.
Is Paris 38251 a good place to invest in real estate?
Folio's PropIQ™ score for 38251 is 60/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 60 mean for 38251?
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 60 = Caution in 38251 Paris, Tennessee.