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Featured local agent — Palmyra, UT

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Sarah Mitchell

CNESRESABR

Compass Real Estate · Palmyra, UT

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Palmyra, UT(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Palmyra, UT Housing Market & Real Estate

Leaning buyer's

Housing market overview · Updated monthly ·

$1.10Mmedian sale price

How is the Palmyra, UT housing market right now?

The median home sale price in Palmyra, UT is $1.10M. Homes sell in an average of 48 days. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of October 2025 — 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?

Leaning buyer's48 avg. days on market

Palmyra, UT is currently a leaning buyer's and homes selling in about 48 days. How we determine this →

Homes sold

1

Last 12 weeks

Days on market

48

Average pace

Active listings

Sale-to-list

88.0%

Below asking

What does the Palmyra housing market data show?

Current housing market statistics for Palmyra, UT
MetricValue
Median sale price$1.10M
Average days on market48 days
Sale-to-list price ratio88.0%
Median price per sq ft$352/sq ft
Homes sold (latest month)1
Market conditionLeaning buyer's

Source: Redfin · Updated monthly

How much do homes cost in Palmyra by property type?

How the Palmyra, UT market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Palmyra, UT
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$1.10M$352/sq ft148 days

Source: Redfin · Updated monthly

The Palmyra housing market is currently classified as a leaning buyer's with a median sale price of $1.10M. Prices have fallen 0.0% compared to last year, with homes spending an average of 48 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Homes for sale in Palmyra

Explore homes currently listed for sale in Palmyra, Utah across major real estate platforms.

Sale-to-list:88.0%

Who lives in Palmyra?

Population

346

Median income

$92,857/yr

Median age

47.4 years

Owner-occupied

68.9%

College grads

9.4%

Avg commute

34 min

Source: U.S. Census Bureau ACS

What is it like to live in Palmyra?

Palmyra is a community of approximately 0K residents with a median age of 47.4 years.The median household income is $92,857, which reflects a relatively affluent area with strong earning potential. 9.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.

Homeownership rates are at 68.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 34 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Palmyra offers a balanced lifestyle with accessible home values relative to local income levels.

Which cities are near Palmyra, UT?

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 $1.10M, down 0.0% from last year.

How long do homes stay on market in Palmyra?

Homes typically spend 48 days on market before going under contract.

What is the median income in Palmyra?

The median household income is $92,857 per year.

How much does a single-family home cost in Palmyra?

The median single-family home price in Palmyra, UT is $1.10M (about $352 per square foot).

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