$2,672 Closing Credit*
$225,000
2,080 SqFt
4 Beds
•2 Full Baths
John M. Denniston, Listing Office: Hunt Real Estate ERA/Columbus
Is Palmyra, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Palmyra has remained a Seller's Market.
Key Takeaway
Palmyra is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palmyra, NY
How much do homes in Palmyra, NY cost?
Median Sold Price
$210,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$21,800(+11.6%)
Key Takeaway
Homes in Palmyra have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Palmyra was $210,000 in September 2024, up 11.6% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $120K | N/A |
| 2 Bedrooms | $151.9K | $197.6K | +30.1% |
| 3 Bedrooms | $177.5K | $206.1K | +16.1% |
| 4 Bedrooms | $216K | $235K | +8.8% |
| 5+ Bedrooms | $213.5K | $247.5K | +15.9% |
Summary: Palmyra housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.1%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 15.9%.
Housing Supply in Palmyra, NY
How many homes are available in Palmyra, NY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 21 | 13 | -38.1% |
Summary: The Palmyra real estate market had 13 homes for sale in September 2024, a 38.1% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 8 | 3 | -62.5% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Palmyra housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 62.5%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palmyra, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Palmyra in September 2024, down by 66.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Palmyra, NY
How long does it take to sell a home in Palmyra, NY?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 14 Days | 5 Days | -61.9% |
Summary: Homes in Palmyra had an average of 5 days on market in Sep 2024, down by 61.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palmyra are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 3 homes were sold in Palmyra; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
