Is Palmyra, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Palmyra is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Palmyra was a Buyer's Market.

Key Takeaway

Palmyra is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Palmyra, TN cost?

Median Sold Price

$419,900

$264/sqft

Based on all homes sold in April 2022.

Difference Since Last Month

+$244,900(+139.9%)

Key Takeaway

Homes in Palmyra have sold for 139.9% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMar 2022Apr 2022%
1 --
N/A
2 $175K$419.9K
+139.9%
3 -$475K
N/A
4 -$400K
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Palmyra
+139.9%
Indian Mound
-44.9%

How many homes are available in Palmyra, TN?

Number of Homes For Sale

Mar 2022Apr 2022%
1114+27.3%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 22
0.0%
3 55
0.0%
4 36
+100.0%
5+ 11
0.0%

Number of Homes Sold

Mar 2022Apr 2022%
13+200.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Palmyra, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Average Sale Time

Mar 2022Apr 2022%
1 Day14 Days+1366.7%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Palmyra are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Palmyra, TN

Palmyra, TN has 14 homes on the market. The number of listings in Palmyra, TN increased by 27.3% between March 2022 and April 2022. While the average time on the market in April 2022 was 14 days, the median list price was $419,900. Real estate listing prices changed between April 2021 and April 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 139.9% more expensive, 3 bedrooms properties became 0% more expensive, 4 bedrooms properties became 0% more expensive, prices of 5 bedrooms properties increased by 0%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes stayed the same, volume of 3 bedrooms homes stayed the same, 4 bedrooms homes became 100% more available, the quantity of 5 bedrooms homes have not changed. In April 2022, from all listings sold in Palmyra, TN there were more than 1 sold above asking price, over 0 sold below and more than 2 were sold right at the asked price.

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