Is Paris, TN 38242 a buyer’s or seller’s market?
Paris is a balanced market. With about 4.6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 24% of U.S. ZIP codes, and #163 of 299 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Paris housing market right now
In the three months ending August 31, 2026, 12% of homes in Paris, TN 38242 sold above their list price, the typical home went under contract in 42 days and there were 4.6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 61 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 6%, homes sold faster (56 days then) and the median sale price fell 5% to $249,892. Overall, Paris is more competitive than a year ago, so tougher for buyers.
Within Henry County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Paris ranks #163 of 299 TN ZIP codes with enough sales (score 28 out of 100).
Nearby, buyers who want less competition could look at Puryear 38251 (0% sold over asking) or Mansfield 38236 (0% sold over asking).
Run the numbers for 38242
Nearby markets
Buchanan 38222Buyer’s market $187 /sq ftCottage Grove 38224Seller’s market $152 /sq ftHenry 38231Seller’s market $120 /sq ftMansfield 38236 $155 /sq ft Browse all markets →Towns like Paris nearby
Find towns like Paris in other states →Where Paris is
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Questions about Paris real estate
Is Paris a buyer’s or seller’s market?
A balanced market: there were 4.6 months of supply in Paris, TN 38242 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Paris?
The typical home went under contract in 42 days in the latest three months.
Do homes in Paris sell over asking?
12% of homes sold above their original list price, and the typical sale closed at 96.8% of the list price.
What are property taxes in Paris?
About 0.44% of a home’s value a year in Henry County, or roughly $1,760 on a $400,000 home.
What is the median home price in Paris?
The median sale price was $249,892 in the three months ending August 31, 2026, about $151 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology