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Is Parsons, TN 38363 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Parsons is a buyer’s market. With about 7.7 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply7.7Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list93.1%Sold price ÷ list price
Median days on market82Listing to accepted offer
Median price per sq ft$115▼ −10.1% vs. last year

The Parsons housing market right now

In the three months ending August 31, 2026, 0% of homes in Parsons, TN 38363 sold above their list price, the typical home went under contract in 82 days and there were 7.7 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 10 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (42 days then) and the median sale price fell 16% to $151,434. Overall, Parsons is less competitive than a year ago, which gives buyers more room.

Within Decatur County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Decaturville 38329 (5% sold over asking) is even more competitive.

Run the numbers for 38363

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Nearby markets

Bath Springs 38311Buyer’s market $239 /sq ftDecaturville 38329Balanced $143 /sq ftScotts Hill 38374Buyer’s market $137 /sq ftSugar Tree 38380Seller’s market $198 /sq ft Browse all markets →

Towns like Parsons nearby

Find towns like Parsons in other states →
Scotts Hill, TN38374 · 13 miles away85% similarsmaller · younger residents Waynesboro, TN38485 · 32 miles away85% similarVery close on income, prices and more Camden, TN38320 · 27 miles away84% similarpricier homes ($37K more) · larger Mc Kenzie, TN38201 · 39 miles away83% similarpricier homes ($50K more) · larger

Where Parsons is

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Questions about Parsons real estate

Is Parsons a buyer’s or seller’s market?

A buyer’s market: there were 7.7 months of supply in Parsons, TN 38363 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 Parsons?

The typical home went under contract in 82 days in the latest three months.

Do homes in Parsons sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 93.1% of the list price.

What are property taxes in Parsons?

About 0.46% of a home’s value a year in Decatur County, or roughly $1,840 on a $400,000 home.

What is the median home price in Parsons?

The median sale price was $151,434 in the three months ending August 31, 2026, about $115 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