Is Paris, MI 49338 a buyer’s or seller’s market?
Paris is a balanced market. With about 5.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Paris housing market right now
In the three months ending August 31, 2026, 0% of homes in Paris, MI 49338 sold above their list price, the typical home went under contract in 15 days and there were 5.3 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. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 17%, homes sold faster (24 days then) and the median sale price rose 29% to $427,665. Overall, Paris is less competitive than a year ago, which gives buyers more room.
Within Newaygo County, homes here sell faster than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Bitely 49309 (44% sold over asking) and Newaygo 49337 (29% sold over asking) are even more competitive.
Run the numbers for 49338
Nearby markets
Bitely 49309Buyer’s market $214 /sq ftBrohman 49312Seller’s market $94 /sq ftFremont 49412Seller’s market $171 /sq ftGrant 49327Seller’s market $174 /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 5.3 months of supply in Paris, MI 49338 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 15 days in the latest three months.
Do homes in Paris sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.6% of the list price.
What are property taxes in Paris?
About 1.10% of a home’s value a year in Newaygo County, or roughly $4,400 on a $400,000 home.
What is the median home price in Paris?
The median sale price was $427,665 in the three months ending August 31, 2026, about $148 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