Parsons Housing Market Update: Prices Ease, Inventory Holds Steady
Parsons, TN – March 13, 2026 – Home values dipped year over year while median sale prices and listings show steady activity entering spring.
Parsons Housing Market Snapshot
- Typical home value around $151K, down about 2% year over year.
- Median sale price recently near $229K.
- Roughly 28 homes on the market at last report.
- Homes selling slightly below asking on average.
Recent data show a mixed but stable start to 2026 in Parsons. Zillow’s latest figures put the typical home value near $151,000, reflecting a modest year-over-year decline. Inventory has hovered around the high-20s in active listings, suggesting limited but consistent options for buyers.
Realtor.com reports a median sale price close to $229,000 in recent months, with homes selling a few percentage points under list price on average. Redfin data indicate longer marketing times, with properties spending weeks on the market before going under contract. Together, the numbers point to a more balanced environment compared with the tighter conditions seen in prior years.
What’s for Sale
Current listings range from smaller in-town homes to rural and income-producing properties:
- A recently listed 4,500-square-foot home on acreage built in the 1970s, offering space for multigenerational living.
- An income-producing property near the Tennessee River with multiple rental units and expansion potential, listed under $200K.
- Single-family homes in the $200K range with two to three bedrooms, typical of the local market mix.
Buyers looking for land and river proximity continue to find options, while move-in-ready homes under $250K remain a key segment.
Outlook
National forecasts call for relatively soft price growth in 2026, and Parsons appears aligned with that trend: stable demand, modest price adjustments, and steady inventory. For sellers, realistic pricing is critical. For buyers, slightly softer values and negotiability may create opportunities this spring.
Are you seeing more for-sale signs or quicker sales in your neighborhood lately?
Sources
https://www.zillow.com/home-values/29020/parsons-tn/
https://www.realtor.com/local/market/tennessee/decatur-county/parsons
https://www.redfin.com/city/14783/TN/Parsons
https://www.realty.com/home-listings/1056608199/260-Myracle-Town-Road-Parsons-TN-38363
https://www.nashvillesmls.com/listing/2975495-84-perryville-estate-ln-parsons-tn-38363/