$3,561 Closing Credit*
$299,900
1,868 SqFt
3 Beds
•2 Full Baths
MOLLY SNYDER, Listing Office: Coldwell Banker Realty
Is Palmyra, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Palmyra has remained a Seller's Market.
Key Takeaway
Palmyra is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palmyra, PA
How much do homes in Palmyra, PA cost?
Median Sold Price
$310,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,000(-3.1%)
Key Takeaway
Homes in Palmyra have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Palmyra was $310,000 in November 2024, down 3.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215.5K | $235K | +9.0% |
| 3 Bedrooms | $279K | $297.5K | +6.6% |
| 4 Bedrooms | $390K | $415K | +6.4% |
| 5+ Bedrooms | $450K | $557.5K | +23.9% |
Summary: Palmyra housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 23.9%.
Median Sold Price Compared To Nearby Cities
| Hershey | $381K | $419.9K | +10.2% |
| Annville | $335K | $344.9K | +3.0% |
| North Londonderry Township | $375.7K | $379.1K | +0.9% |
| Derry Township | $342.5K | $335.4K | -2.0% |
| Palmyra | $320K | $310K | -3.1% |
Housing Supply in Palmyra, PA
How many homes are available in Palmyra, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 64 | -16.9% |
Summary: The Palmyra real estate market had 64 homes for sale in November 2024, a 16.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 42 | 34 | -19.0% |
| 4 Bedrooms | 23 | 20 | -13.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Palmyra housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 19%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palmyra, you may be able to get a good deal. 44% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Palmyra in November 2024, down by 3.8% month-over-month. Of the 25 sold homes, 44% were sold under asking, 16% were sold at asking, and 40% were sold over asking.
Days on Market for Palmyra, PA
How long does it take to sell a home in Palmyra, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 21 Days | +57.5% |
Summary: Homes in Palmyra had an average of 21 days on market in Nov 2024, up by 57.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Palmyra are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 25 homes were sold in Palmyra; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
