$10,000
0.25 Acres
Land
Diana Zamora, Listing Office: Quality Choice Solutions, LLC
Is Palestine, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Palestine was a Neutral 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
$320,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+16.4%)
Key Takeaway
Homes in Palestine have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in Palestine was $320,000 in November 2024, up 16.4% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320.5K | - | N/A |
| 2 Bedrooms | $180K | $462.5K | +156.9% |
| 3 Bedrooms | $265K | $292.2K | +10.3% |
| 4 Bedrooms | $387.2K | $500K | +29.1% |
| 5+ Bedrooms | $400K | - | N/A |
Summary: Palestine 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 156.9%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 29.1%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 | 82 | -3.5% |
Summary: The Palestine real estate market had 82 homes for sale in November 2024, a 3.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 55 | 50 | -9.1% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Palestine housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was 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 6 homes were sold or pending in Palestine in November 2024, down by 25.0% month-over-month. Of the 1 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 105 Days | +582.6% |
Summary: Homes in Palestine had an average of 105 days on market in Nov 2024, up by 582.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 6 homes were sold in Palestine; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
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