$585,000
83.73 Acres
Land
Wendy Johnson, Listing Office: Keller Williams Rockwall
Is Palestine, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Palestine was a Seller's Market.
Key Takeaway
Palestine is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Palestine, TX
How much do homes in Palestine, TX cost?
Median Sold Price
$335,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,000(+21.8%)
Key Takeaway
Homes in Palestine have sold for 21.8% more than they did a year ago.
Summary: The median home sold price in Palestine was $335,000 in October 2024, up 21.8% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320.5K | - | N/A |
| 2 Bedrooms | $180K | $78K | -56.7% |
| 3 Bedrooms | $263.1K | $312.5K | +18.8% |
| 4 Bedrooms | $315K | $500K | +58.7% |
| 5+ Bedrooms | $400K | - | N/A |
Summary: Palestine 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 decreased by 56.7%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 58.7%, and 5+ bedroom homes did not change.
Housing Supply in Palestine, TX
How many homes are available in Palestine, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 51 | +15.9% |
Summary: The Palestine real estate market had 51 homes for sale in October 2024, a 15.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 20 | 30 | +50.0% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Palestine 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 decreased by 28.6%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palestine, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Palestine in October 2024, up by 16.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Palestine, TX
How long does it take to sell a home in Palestine, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 90 Days | 25 Days | -71.8% |
Summary: Homes in Palestine had an average of 25 days on market in Oct 2024, down by 71.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palestine are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Palestine; 14% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is deemed reliable, but not guaranteed. Copyright © 2024 Greater Tyler Association of REALTORS® All rights reserved. 
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