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Featured local agent — Palmyra, VA
Sarah Mitchell
Compass Real Estate · Palmyra, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Palmyra, VA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$385,000median sale price
How is the Palmyra, VA housing market right now?
The median home sale price in Palmyra, VA is $385,000. Homes sell in an average of 300 days. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of February 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, VA is currently a leaning buyer's and homes selling in about 300 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
300
Average pace
Active listings
—
Sale-to-list
97.4%
Below asking
What does the Palmyra housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $385,000 |
| Average days on market | 300 days |
| Sale-to-list price ratio | 97.4% |
| Median price per sq ft | $178/sq ft |
| Homes sold (latest month) | 2 |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Palmyra by property type?
How the Palmyra, VA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $385,000 | $178/sq ft | 2 | 300 days |
Source: Redfin · Updated monthly
The Palmyra housing market is currently classified as a leaning buyer's with a median sale price of $385,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 300 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, Virginia across major real estate platforms.
Who lives in Palmyra?
Population
25
Owner-occupied
100.0%
College grads
60.0%
Source: U.S. Census Bureau ACS
What are homes worth in Palmyra?
Zillow home value
$383,507
Zillow rent index
$2,089/mo
Price-to-rent ratio
15.3x
Source: Zillow Research
What is it like to live in Palmyra?
Palmyra is a community of approximately 0K residents with a diverse population. 60.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 100.0%, reflecting strong community stability and long-term resident commitment.Overall, Palmyra offers a distinctive character that appeals to different lifestyle preferences.
Which public schools serve Palmyra?
5 schools tracked · 2,912 students
The largest public schools serving Palmyra, VA 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.
Fluvanna County High
Grades 8-12 · 1,431 students
Central Elementary
Grades PK-2 · 744 students
Fluvanna Middle
Grades 5-7 · 737 students
Blue Ridge Governor's School
Grade range n/a
Project Return/Fluvanna Co
Grade range n/a
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, VA?
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 15.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 0.0% 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 $385,000, down 0.0% from last year.
How long do homes stay on market in Palmyra?
Homes typically spend 300 days on market before going under contract.
What is the Zillow home value estimate for Palmyra?
The Zillow Home Value Index (ZHVI) for Palmyra is $383,507, 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, VA is $385,000 (about $178 per square foot).
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