Palmer Housing Market Report January 2025•Grundy County, Tennessee

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Housing Prices in Palmer, TN

How much do homes in Palmer, TN cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$175,000$101/SqFt
-$124,900
-41.6%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Palmer has decreased by 41.6% since last year.

Summary: The median home list price in Palmer was $175,000 in January 2025, down 41.6% from the previous year, and the median price per square foot was $101.

Median List Price By City

Median List Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Gruetli-Laager
0.0%
Palmer
-41.6%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$335K$170.2K
-49.2%
2$319.5K$241.4K
-24.4%
3$298K$165K
-44.6%
4$389.9K$259.9K
-33.3%
5--
N/A

Summary: Palmer housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -49.2%. The home price for 2 bedroom homes decreased by -24.4%. The home price for 3 bedroom homes decreased by -44.6%. The home price for 4 bedroom homes decreased by -33.3%. The home price for 5 bedroom homes did not change.

Housing supply in Palmer, TN

How many homes are available in Palmer, TN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
12Last MonthJan 2025
92 months agoDec 2024
+33.3 %
Change MoMDec – Jan

Summary: The Palmer real estate market had 12 homes for sale in Jan 2025, a 33.3 % increase compared to Dec 2024.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
211
0.0%
378
+14.3%
413
+200.0%
500
0.0%

Summary: Palmer housing inventory by bedroom type for January 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 +14.3%. The inventory for 4 bedroom homes increased by +200.0%. The inventory for 5 bedroom homes remained the same.

Days on Market for Palmer, TN

How long does it take to sell a home in Palmer, TN?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
83 DaysThis YearJan 2025
191 Days1 year agoJan 2024
-56.2 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Palmer had an average listing age of 83 days in Jan 2025, down by 56.2% compared to the previous year.

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Newest Listings in Palmer, TN

What homes are available in Palmer, TN?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from RealTracs Middle Tennessee Regional MLS, and Chattanooga MLS / Multiple Listing Service of Chattanooga Inc. for the period 02/01/2023 - 02/01/2025

IDX Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX© 2025 of the REALTRACS MLS. All rights Reserved.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker 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 displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2025, 11:48:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information 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. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2025 Greater Chattanooga Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2025, 11:50:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.