Paradise Home Values

Sellers in Paradise pulled back on concessions this quarter even as the average payout for those still cutting deals grew, based on MLS data for September 2026 closings in Paradise. Roughly three in ten closings carried a seller give-back, down from nearly two in five last month, while the average concession climbed to about $11,400. With only about two dozen sales in the sample, the shift reads as directional rather than definitive — but it stands out against Wise County, where roughly half of all closings involved concessions. Price per square foot rose to $229, up from last month's $220 and well above the county's $192 benchmark, while sellers kept recovering just under 96 cents on the dollar.

Paradise's pipeline offers a complicating signal for that seller strength: active listings climbed to 100, up from around 90 last month, while months of supply pushed past eleven — well above Wise County's roughly nine-month pace. Pending contracts held flat at just four, meaning new inventory continues arriving faster than buyers are signing, a gap that has now persisted for several months. Time on market lengthened again this quarter, a velocity signal suggesting sellers' recent pricing discipline may soften if absorption keeps slowing.

Homes in Paradise took longer to sell this quarter than the year-ago pace, with time on market at closing stretching to roughly two months — a continuation of the lengthening trend flagged in June, based on MLS data for August 2026 closings in Paradise. Even so, price per square foot held firm at $220, a modest gain over the trailing 12-month average and still running well above Wise County's benchmark. Sellers continued recovering just under 96 cents on the dollar at closing, with concession activity ticking up slightly — nearly two in five deals now carry a seller give-back, and the average concession grew to roughly $9,900.

Paradise's pipeline kept thinning this quarter. Pending contracts fell to just four, down from nine in July and twelve in June — the sharpest drop yet in a decline now three months running. Active listings held near 91, roughly matching the prior period, while new listings continued arriving faster than contracts were signed, a gap that's widened each month since spring. Months of supply eased slightly to just under ten but remains far above Wise County's roughly nine-month pace. The pipeline signals point toward a market absorbing homes more slowly than earlier this year.

While Wise County's housing market posted a trailing median price per square foot of $196 this quarter, Paradise closed noticeably higher, a gap of roughly ten percent, based on MLS data for July 2026 closings in Paradise. The premium held even as Paradise's median sale price ran well above the county figure, continuing the divergence first flagged in May. With roughly two dozen closings this quarter, the sample argues for directional confidence rather than certainty, but sellers here are still recovering just over 96 cents on the dollar at closing, in line with the county rate, while a bit over a third of deals involved concessions, a lighter share than the nearly half of Wise County closings with seller give-backs.

The pipeline gap between Paradise and Wise County widened this quarter. Months of supply in Paradise climbed to roughly a year's worth of inventory, well above the county's near nine-and-a-half-month pace, even as active listings held around 93, a small slice of the county's much larger total. Pending contracts fell to just nine, a steeper drop than the broader county pipeline suggests, while new listings continued to outpace contract activity. The pattern points toward a slower absorption pace in Paradise than Wise County is seeing overall, a divergence that has been building since spring.