Is Palmyra, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Mar 2022 | Apr 2022 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $419.9K | +139.9% |
| 3 Bedrooms | - | $475K | N/A |
| 4 Bedrooms | - | $400K | N/A |
| 5+ Bedrooms | - | - | 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 2022 | Apr 2022 | % |
|---|---|---|
| 11 | 14 | +27.3% |
Homes For Sale By Bedroom Count
| # BEDS | Mar 2022 | Apr 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Number of Homes Sold
| Mar 2022 | Apr 2022 | % |
|---|---|---|
| 1 | 3 | +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
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 2022 | Apr 2022 | % |
|---|---|---|
| 1 Day | 14 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
Key Takeaway
Many homes in Palmyra are selling fast, if you're buying plan to act quickly.
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