$2,553 Closing Credit*
$215,000
910 SqFt
2 Beds
•2 Full Baths
DAVID BECKER, Listing Office: Keller Williams Realty
Is Palmyra, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$315,000
$176/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Palmyra has remained the same since last year.
Summary: The median home sold price in Palmyra was $315,000 in October 2024, the same as last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215.5K | $235K | +9.0% |
| 3 Bedrooms | $275K | $300K | +9.1% |
| 4 Bedrooms | $384K | $417.2K | +8.7% |
| 5+ Bedrooms | $542K | $506K | -6.6% |
Summary: Palmyra housing prices by bedroom type for October 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 9.1%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 6.6%.
Median Sold Price Compared To Nearby Cities
| Hershey | $383K | $412.5K | +7.7% |
| North Londonderry Township | $370K | $382.5K | +3.4% |
| Annville | $330K | $340K | +3.0% |
| Palmyra | $315K | $315K | 0.0% |
| Derry Township | $349.9K | $335.3K | -4.2% |
Housing Supply in Palmyra, PA
How many homes are available in Palmyra, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 71 | -11.3% |
Summary: The Palmyra real estate market had 71 homes for sale in October 2024, a 11.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 48 | 38 | -20.8% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Palmyra housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 24 | -4.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palmyra, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Palmyra in October 2024, down by 4.0% month-over-month. Of the 24 sold homes, 46% were sold under asking, 21% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 26 Days | +23.6% |
Summary: Homes in Palmyra had an average of 26 days on market in Oct 2024, up by 23.6% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palmyra are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Palmyra; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
