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Featured local agent — Palmyra, NJ
Sarah Mitchell
Compass Real Estate · Palmyra, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Palmyra, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$227,000median sale price
How is the Palmyra, NJ housing market right now?
The median home sale price in Palmyra, NJ is $227,000, down 27.9% year-over-year. Homes sell in an average of 23 days with 22 active listings. The market is currently a strong seller's 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, NJ is currently a strong seller's market, based on 1.8 months of supply and homes selling in about 23 days. How we determine this →
Homes sold
12
Last 12 weeks
Days on market
23
Average pace
Active listings
22
1.8 months supply
Sale-to-list
101.1%
Above asking
What does the Palmyra housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $227,000 |
| Median list price | $295,000 |
| Year-over-year price change | -27.9% |
| Average days on market | 23 days |
| Active inventory | 22 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 101.1% |
| Median price per sq ft | $200/sq ft |
| Homes sold (latest month) | 12 |
| New listings (latest month) | 10 |
| Listings with a price cut | 13.6% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Palmyra by property type?
How the Palmyra, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $415,000 | $250/sq ft | 2 | 71 days |
| Condo / Co-op | $262,000 | $184/sq ft | 1 | 10 days |
| Townhouse | $224,950 | $182/sq ft | 10 | 15 days |
Source: Redfin · Updated monthly
The Palmyra housing market is currently classified as a strong seller's market with a median sale price of $227,000. Prices have fallen 27.9% compared to last year, with homes spending an average of 23 days on market, indicating 1.8 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 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in Palmyra
There are currently 22 homes listed for sale in Palmyra, New Jersey. The median listing price is $295K.
Active listings
22
Homes on market
Median list price
$295K
Avg. days on market
23
Days until sale
New this week
10
Newly listed
Who lives in Palmyra?
Population
7,447
Median income
$85,014/yr
Median age
42.7 years
Owner-occupied
69.6%
College grads
29.7%
Avg commute
25.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Palmyra?
Zillow home value
$316,434
Zillow rent index
$1,893/mo
Price-to-rent ratio
13.9x
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Palmyra?
Palmyra is a community of approximately 7K residents with a median age of 42.7 years.The median household income is $85,014, which reflects a relatively affluent area with strong earning potential. 29.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 69.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.2 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 · 983 students
The largest public schools serving Palmyra, NJ 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 High School
Grades 9-12 · 407 students
Charles Street School
Grades PK-5 · 394 students
Palmyra Middle School
Grades 6-8 · 182 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, NJ?
Want a head-to-head view? Compare Palmyra side-by-side with any other U.S. city using our market-comparison tool.
Is Palmyra a good real estate investment market?
For investors evaluating Palmyra, the price-to-rent ratio of 13.9x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 27.9% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Palmyra's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Palmyra's median home price.
Frequently asked questions
What is the average home price in Palmyra?
The median home sale price in Palmyra is $227,000, down 27.9% from last year.
How long do homes stay on market in Palmyra?
Homes typically spend 23 days on market before going under contract.
What is the median income in Palmyra?
The median household income is $85,014 per year.
Is Palmyra a buyer's or seller's market?
With 1.8 months of supply, Palmyra is currently a strong seller's market.
What is the Zillow home value estimate for Palmyra?
The Zillow Home Value Index (ZHVI) for Palmyra is $316,434, representing the typical home value in the area.
What is the median condo price in Palmyra?
The median condo/co-op sale price in Palmyra, NJ is $262,000, compared to $415,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Palmyra?
The median single-family home price in Palmyra, NJ is $415,000 (about $250 per square foot).
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