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Featured local agent — Palmyra, NY
Sarah Mitchell
Compass Real Estate · Palmyra, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Palmyra, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$367,500median sale price
How is the Palmyra, NY housing market right now?
The median home sale price in Palmyra, NY is $367,500, up 59.8% year-over-year. Homes sell in an average of 17 days with 3 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, NY is currently a strong seller's market, based on 1.5 months of supply and homes selling in about 17 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
17
Fast-moving
Active listings
3
1.5 months supply
Sale-to-list
107.9%
Above asking
What does the Palmyra housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $367,500 |
| Median list price | $194,950 |
| Year-over-year price change | +59.8% |
| Average days on market | 17 days |
| Active inventory | 3 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 107.9% |
| Median price per sq ft | $107/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 8 |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Palmyra by property type?
How the Palmyra, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $367,500 | $107/sq ft | 2 | 17 days |
| Townhouse | $215,000 | $89/sq ft | 1 | 13 days |
Source: Redfin · Updated monthly
The Palmyra housing market is currently classified as a strong seller's market with a median sale price of $367,500. Prices have risen 59.8% compared to last year, with homes spending an average of 17 days on market, indicating 1.5 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 3 homes listed for sale in Palmyra, New York. The median listing price is $195K.
Active listings
3
Homes on market
Median list price
$195K
Avg. days on market
17
Days until sale
New this week
8
Newly listed
Who lives in Palmyra?
Population
3,306
Median income
$66,647/yr
Median age
37.9 years
Owner-occupied
54.1%
College grads
25.0%
Avg commute
21.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Palmyra?
Zillow home value
$245,940
Zillow rent index
$1,168/mo
Price-to-rent ratio
17.6x
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Palmyra?
Palmyra is a community of approximately 3K residents with a median age of 37.9 years.The median household income is $66,647, which represents a working-class community with solid middle-income opportunities. 25.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 54.1%, showing a blend of owner and renter-occupied properties. The average commute time is 21.3 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 · 1,384 students
The largest public schools serving Palmyra, NY 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-MACEDON SENIOR HIGH SCHOOL
Grades 9-12 · 567 students
PALMYRA-MACEDON PRIMARY SCHOOL
Grades PK-2 · 454 students
PALMYRA-MACEDON MIDDLE SCHOOL
Grades 6-8 · 363 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, NY?
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 17.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 59.8% year-over-year, reflecting ongoing demand and value growth.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 $367,500, up 59.8% from last year.
How long do homes stay on market in Palmyra?
Homes typically spend 17 days on market before going under contract.
What is the median income in Palmyra?
The median household income is $66,647 per year.
Is Palmyra a buyer's or seller's market?
With 1.5 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 $245,940, 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, NY is $367,500 (about $107 per square foot).
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