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Featured local agent — Palmer, TX
Sarah Mitchell
Compass Real Estate · Palmer, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Palmer, TX Housing Market & Real Estate
Housing market overview · Updated monthly ·
$399,250median sale price
How is the Palmer, TX housing market right now?
The median home sale price in Palmer, TX is $399,250, up 76.2% year-over-year. Homes sell in an average of 34 days with 19 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 Palmer a buyer's or seller's market?
Palmer, TX is currently a buyer's market, based on 9.5 months of supply and homes selling in about 34 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
34
Average pace
Active listings
19
9.5 months supply
Sale-to-list
99.2%
Below asking
What does the Palmer housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $399,250 |
| Median list price | $369,999 |
| Year-over-year price change | +76.2% |
| Average days on market | 34 days |
| Active inventory | 19 listings |
| Months of supply | 9.5 months |
| Sale-to-list price ratio | 99.2% |
| Median price per sq ft | $188/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 5 |
| Listings with a price cut | 15.8% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Palmer by property type?
How the Palmer, 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 | $399,250 | $188/sq ft | 2 | 34 days |
Source: Redfin · Updated monthly
The Palmer housing market is currently classified as a buyer's market with a median sale price of $399,250. Prices have risen 76.2% compared to last year, with homes spending an average of 34 days on market, indicating 9.5 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 11.9x provides context for how home values compare to local earning capacity.
Homes for sale in Palmer
There are currently 19 homes listed for sale in Palmer, Texas. The median listing price is $370K.
Active listings
19
Homes on market
Median list price
$370K
Avg. days on market
34
Days until sale
New this week
5
Newly listed
Who lives in Palmer?
Population
1,606
Median income
$27,418/yr
Median age
20.4 years
Owner-occupied
89.6%
College grads
4.5%
Avg commute
23.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Palmer?
Zillow home value
$325,530
Price-to-income
11.9x
Source: Zillow Research
What is it like to live in Palmer?
Palmer is a community of approximately 2K residents with a median age of 20.4 years.The median household income is $27,418, which represents a working-class community with solid middle-income opportunities. 4.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 89.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Palmer offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Palmer?
3 schools tracked · 1,338 students
The largest public schools serving Palmer, 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.
PALMER EL
Grades PK-4 · 526 students
PALMER MIDDLE
Grades 5-8 · 424 students
PALMER H S
Grades 9-12 · 388 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 Palmer, TX?
Want a head-to-head view? Compare Palmer side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Palmer?
The median home sale price in Palmer is $399,250, up 76.2% from last year.
How long do homes stay on market in Palmer?
Homes typically spend 34 days on market before going under contract.
What is the median income in Palmer?
The median household income is $27,418 per year.
Is Palmer a buyer's or seller's market?
With 9.5 months of supply, Palmer is currently a buyer's market.
What is the Zillow home value estimate for Palmer?
The Zillow Home Value Index (ZHVI) for Palmer is $325,530, representing the typical home value in the area.
How much does a single-family home cost in Palmer?
The median single-family home price in Palmer, TX is $399,250 (about $188 per square foot).
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