Brokers — List your Company Here
Featured local agent — Palestine, TX
Sarah Mitchell
Compass Real Estate · Palestine, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Palestine, TX Housing Market & Real Estate
Housing market overview · Updated monthly ·
$188,700median sale price
How is the Palestine, TX housing market right now?
The median home sale price in Palestine, TX is $188,700, down 5.2% year-over-year. Homes sell in an average of 63 days with 90 active listings. The market is currently a buyer'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 Palestine a buyer's or seller's market?
Palestine, TX is currently a buyer's market, based on 4.1 months of supply and homes selling in about 63 days. How we determine this →
Homes sold
22
Last 12 weeks
Days on market
63
Average pace
Active listings
90
4.1 months supply
Sale-to-list
84.9%
Below asking
What does the Palestine housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $188,700 |
| Median list price | $215,000 |
| Year-over-year price change | -5.2% |
| Average days on market | 63 days |
| Active inventory | 90 listings |
| Months of supply | 4.1 months |
| Sale-to-list price ratio | 84.9% |
| Median price per sq ft | $116/sq ft |
| Homes sold (latest month) | 22 |
| New listings (latest month) | 20 |
| Listings with a price cut | 32.2% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Palestine by property type?
How the Palestine, TX market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $188,700 | $116/sq ft | 22 | 63 days |
Source: Redfin · Updated monthly
The Palestine housing market is currently classified as a buyer's market with a median sale price of $188,700. Prices have fallen 5.2% compared to last year, with homes spending an average of 63 days on market, indicating 4.1 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 4.3x provides context for how home values compare to local earning capacity.
Homes for sale in Palestine
There are currently 90 homes listed for sale in Palestine, Texas. The median listing price is $215K.
Active listings
90
Homes on market
Median list price
$215K
Avg. days on market
63
Days until sale
New this week
20
Newly listed
Who lives in Palestine?
Population
18,888
Median income
$46,228/yr
Median age
35.4 years
Owner-occupied
54.7%
College grads
16.3%
Avg commute
22.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Palestine?
Zillow home value
$199,529
Zillow rent index
$1,546/mo
Price-to-rent ratio
10.8x
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Palestine?
Palestine is a community of approximately 19K residents with a median age of 35.4 years.The median household income is $46,228, which represents a working-class community with solid middle-income opportunities. 16.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 54.7%, showing a blend of owner and renter-occupied properties. The average commute time is 22.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Palestine offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Palestine?
13 schools tracked · 5,171 students
The largest public schools serving Palestine, TX 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.
PALESTINE H S
Grades 9-12 · 1,016 students
STORY INT
Grades 4-6 · 673 students
SOUTHSIDE EL
Grades 2-3 · 460 students
NORTHSIDE PRI
Grades K-1 · 441 students
PALESTINE J H
Grades 7-8 · 440 students
WESTWOOD H S
Grades 9-12 · 404 students
WESTWOOD PRI
Grades PK-2 · 384 students
WESTWOOD EL
Grades 3-6 · 375 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 Palestine, TX?
Want a head-to-head view? Compare Palestine side-by-side with any other U.S. city using our market-comparison tool.
Is Palestine a good real estate investment market?
For investors evaluating Palestine, the price-to-rent ratio of 10.8x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 5.2% 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 Palestine's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Palestine's median home price.
Frequently asked questions
What is the average home price in Palestine?
The median home sale price in Palestine is $188,700, down 5.2% from last year.
How long do homes stay on market in Palestine?
Homes typically spend 63 days on market before going under contract.
What is the median income in Palestine?
The median household income is $46,228 per year.
Is Palestine a buyer's or seller's market?
With 4.1 months of supply, Palestine is currently a buyer's market.
What is the Zillow home value estimate for Palestine?
The Zillow Home Value Index (ZHVI) for Palestine is $199,529, representing the typical home value in the area.
How much does a single-family home cost in Palestine?
The median single-family home price in Palestine, TX is $188,700 (about $116 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Palestine, TX
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Palestine market alerts
Weekly updates on prices, inventory, and trends. Free forever.