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Featured local agent — Palmyra, MO
Sarah Mitchell
Compass Real Estate · Palmyra, MO
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Palmyra, MO Housing Market & Real Estate
Housing market overview · Updated monthly ·
$165,000median sale price
How is the Palmyra, MO housing market right now?
The median home sale price in Palmyra, MO is $165,000, down 40.8% year-over-year. Homes sell in an average of 53 days with 11 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Palmyra a buyer's or seller's market?
Palmyra, MO is currently a balanced market, based on 1.6 months of supply and homes selling in about 53 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
53
Average pace
Active listings
11
1.6 months supply
Sale-to-list
90.6%
Below asking
What does the Palmyra housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $165,000 |
| Median list price | $300,750 |
| Year-over-year price change | -40.8% |
| Average days on market | 53 days |
| Active inventory | 11 listings |
| Months of supply | 1.6 months |
| Sale-to-list price ratio | 90.6% |
| Median price per sq ft | $117/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 6 |
| Listings with a price cut | 27.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Palmyra by property type?
How the Palmyra, MO market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $165,000 | $117/sq ft | 7 | 53 days |
Source: Redfin · Updated monthly
The Palmyra housing market is currently classified as a balanced market with a median sale price of $165,000. Prices have fallen 40.8% compared to last year, with homes spending an average of 53 days on market, indicating 1.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.6x provides context for how home values compare to local earning capacity.
Homes for sale in Palmyra
There are currently 11 homes listed for sale in Palmyra, Missouri. The median listing price is $301K.
Active listings
11
Homes on market
Median list price
$301K
Avg. days on market
53
Days until sale
New this week
6
Newly listed
Who lives in Palmyra?
Population
3,620
Median income
$69,211/yr
Median age
37.5 years
Owner-occupied
72.4%
College grads
27.9%
Avg commute
18.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Palmyra?
Zillow home value
$248,488
Price-to-income
3.6x
Source: Zillow Research
What is it like to live in Palmyra?
Palmyra is a community of approximately 4K residents with a median age of 37.5 years.The median household income is $69,211, which represents a working-class community with solid middle-income opportunities. 27.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 72.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 18.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Palmyra offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Palmyra?
3 schools tracked · 1,155 students
The largest public schools serving Palmyra, MO by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
PALMYRA ELEM.
Grades PK-4 · 451 students
PALMYRA HIGH
Grades 9-12 · 360 students
PALMYRA MIDDLE
Grades 5-8 · 344 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Palmyra, MO?
Want a head-to-head view? Compare Palmyra side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Palmyra?
The median home sale price in Palmyra is $165,000, down 40.8% from last year.
How long do homes stay on market in Palmyra?
Homes typically spend 53 days on market before going under contract.
What is the median income in Palmyra?
The median household income is $69,211 per year.
Is Palmyra a buyer's or seller's market?
With 1.6 months of supply, Palmyra is currently a balanced market.
What is the Zillow home value estimate for Palmyra?
The Zillow Home Value Index (ZHVI) for Palmyra is $248,488, representing the typical home value in the area.
How much does a single-family home cost in Palmyra?
The median single-family home price in Palmyra, MO is $165,000 (about $117 per square foot).
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