#R1611471, John M. Denniston, Listing office: Hunt Real Estate ERA/Columbus
Palmyra Housing Market Report May 2025•Wayne County, New York
Housing Prices in Palmyra, NY
How much do homes in Palmyra, NY cost?
Housing Market Conditions
Is Palmyra, NY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Palmyra is a Seller's Market
Difference Since May 2024
Since last year, Palmyra has remained a Seller's Market.
Palmyra is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Palmyra have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in Palmyra was $224,000 in May 2025, up 16.4% from last year, and the median price per square foot was $138.
Median Sold Price By Bedrooms
Beds | May 2024 | May 2025 | Change YoY |
---|---|---|---|
11 Bedroom | - | $120K | N/A |
22 Bedrooms | $153.7K | $230K | +49.6% |
33 Bedrooms | $183K | $221.4K | +21.0% |
44 Bedrooms | $225K | $251.6K | +11.8% |
55+ Bedrooms | $192.5K | $196K | +1.8% |
Summary: Palmyra housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +49.6%. The home price for 3 bedroom homes increased by +21.0%. The home price for 4 bedroom homes increased by +11.8%. The home price for 5 bedroom homes increased by +1.8%.
How does Palmyra, NY compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Palmyra, NY
Housing supply in Palmyra, NY
How many homes are available in Palmyra, NY?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
17Last MonthMay 2025 | ||
132 months agoApr 2025 | +30.8 % Change MoMApr – May |
Summary: The Palmyra real estate market had 17 homes for sale in May 2025, a 30.8 % increase compared to Apr 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
6Last MonthMay 2025 | ||
12 months agoApr 2025 | +500.0 % Change MoMApr – May |
Homes For Sale By Bedroom Count
Beds | Apr 2025 | May 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 0 | 0 | 0.0% |
22 Bedrooms | 1 | 1 | 0.0% |
33 Bedrooms | 9 | 10 | +11.1% |
44 Bedrooms | 2 | 5 | +150.0% |
55+ Bedrooms | 1 | 1 | 0.0% |
Summary: Palmyra housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +11.1%. The inventory for 4 bedroom homes increased by +150.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Palmyra, NY cost?
Over Asking Price4 Homes
At Asking Price1 Home
Under Asking Price1 Home
If you're buying a home in Palmyra, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Palmyra in May 2025, up by 500.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and and 67% were sold over asking.
Days on Market for Palmyra, NY
How long does it take to sell a home in Palmyra, NY?
Breakdown of Home Sale Times
Under 30 Days6 Homes
30 – 90 Days0 Home
Over 90 Days0 Home
Many homes in Palmyra are selling fast, if you're buying plan to act quickly.
Summary: During May 2025, 6 homes were sold in Palmyra; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
6 DaysThis YearMay 2025 | ||
6 Days1 year agoMay 2024 | -7.5 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Palmyra had an average listing age of 6 days in May 2025, down by 7.5% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Palmyra, NY
What homes are available in Palmyra, NY?
Nearby markets
Nearby markets aren't available for Palmyra, NY
Popular Cities with Homes for Sale in New York
- Homes for sale in Albany, NY
- Homes for sale in Amherst, NY
- Homes for sale in Brooklyn, NY
- Homes for sale in Buffalo, NY
- Homes for sale in Carmel, NY
- Homes for sale in Elmira, NY
- Homes for sale in Harrison, NY
- Homes for sale in Jamestown, NY
- Homes for sale in Manhattan, NY
- Homes for sale in New Rochelle, NY
- Homes for sale in New York, NY
- Homes for sale in Queens, NY
- Homes for sale in Riverhead, NY
- Homes for sale in Rochester, NY
- Homes for sale in Schenectady, NY
- Homes for sale in Smithtown, NY
- Homes for sale in Syracuse, NY
- Homes for sale in Utica, NY
- Homes for sale in Valley Stream, NY
- Homes for sale in White Plains, NY
- Homes for sale in Yonkers, NY
MLS Disclaimers and Copyright
Based on information from New York State Alliance of MLS, for the period 06/01/2023 - 06/01/2025

harmless.
© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 6/9/2025, 12:55:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.