Realtor Logo

Palmyra, TN Real Estate

Discover 23 homes for sale in Palmyra, TN with an average price of 982,378 dollars. Browse current listings, view market trends, and explore neighborhood insights.

Palmyra Market Overview

23
Homes for Sale
$982,378.22
Average Home Price
$612
Price per Sq Ft
111
Avg Days on Market

Price Distribution

10
Under $189K
43% of homes
2
$189K - $210K
9% of homes
2
$210K - $370K
9% of homes
10
Over $370K
43% of homes

Palmyra Market Insights

Key market indicators and trends

Price Analysis

Market has luxury properties driving up average prices

Avg: $982,378 | Median: $209,900

Market Speed

Properties tend to stay longer on the market

111 days average

Pricing

Premium pricing per square foot indicates high demand

$418 per sq ft

Market Activity

Very active market with many new listings

35% new in 30 days

Property Types in Palmyra

Land

11

Avg: $744,909.00

Residential

10

Avg: $1,374,960.00

Farm

1

Avg: $650,000.00

Residential Lease

1

Avg: $1,100.00

Palmyra Neighborhood Highlights

None

Available Homes: 10
Avg Price: $562,480.00
Price Range: $70,000.00 - $2,490,000.00
View None Homes

none

Available Homes: 5
Avg Price: $2,984,020.00
Price Range: $1,100.00 - $6,995,000.00
View none Homes

Lot

Available Homes: 2
Avg Price: $182,450.00
Price Range: $125,000.00 - $239,900.00
View Lot Homes

N/A

Available Homes: 2
Avg Price: $154,999.50
Price Range: $119,999.00 - $190,000.00
View N/A Homes

Kmg Properties

Available Homes: 1
Avg Price: $70,000.00
Price Range: $70,000.00 - $70,000.00
View Kmg Properties Homes

Mockingbird Hill

Available Homes: 1
Avg Price: $550,000.00
Price Range: $550,000.00 - $550,000.00
View Mockingbird Hill Homes

Schools in Palmyra

K-5

Elementary Schools

Montgomery Central Elementary

Cumberland Heights Elementary

6-8

Middle Schools

Montgomery Central Middle School

Montgomery Central Middle

9-12

High Schools

Montgomery Central High School

Montgomery Central High

School District Analysis

School Coverage

Elementary Schools: 2
Coverage Rate: 100%
Full K-12 Coverage: 23 homes

Elementary Schools

Cumberland Heights Elementary

21 properties

$1,043,128.52

Montgomery Central Elementary

2 properties

$344,500.00

Neighborhood Spotlight

Premium Area

$2,984,020.00

Highest avg price

Largest Homes

2,419 sqft

Average size

Best Value

$70,000.00

Most affordable

Neighborhood Diversity

8

distinct neighborhoods available

What Makes Palmyra Special

Premium Living

Upscale neighborhoods with luxury amenities and quality homes.

Diverse Housing

Wide variety of property types from condos to luxury estates.

Active Market

Dynamic real estate market with regular new listings and sales.

School Information Available

School district information available for properties in the area.

Recently Sold in Palmyra

Exterior view of 0 Budds Creek in Palmyra, TN
SOLD
Mar 30, 2026

$500,000.00

Listed: $602,000.00

bed bath

0 Budds Creek, Palmyra, TN

Sold after 59 days on market
Exterior view of 1248 Rich Ellen Dr in Palmyra, TN
SOLD
Mar 17, 2026

$333,000.00

Listed: $339,900.00

bed 1 bath 1,963 sqft

1248 Rich Ellen Dr, Palmyra, TN

Sold after 150 days on market
Exterior view of 0 Buck Smith Road in Palmyra, TN
SOLD
Mar 12, 2026

$416,000.00

Listed: $525,600.00

bed bath

0 Buck Smith Road, Palmyra, TN

Sold after 98 days on market
Exterior view of 2890 Ellis Ln in Palmyra, TN
SOLD
Mar 03, 2026

$470,000.00

Listed: $499,000.00

bed 1 bath 2,081 sqft

2890 Ellis Ln, Palmyra, TN

Sold after 15 days on market
Exterior view of 2275 Highway 149 in Palmyra, TN
SOLD
Feb 09, 2026

$400,000.00

bed 1 bath 2,190 sqft

2275 Highway 149, Palmyra, TN

Sold after 11 days on market
Exterior view of 0 Buck Smith Road in Palmyra, TN
SOLD
Feb 05, 2026

$1,024,800.00

Listed: $661,900.00

bed bath

0 Buck Smith Road, Palmyra, TN

Sold after 90 days on market

Palmyra Market Trends

23
Current Inventory
Active listings
$982,378.22
Avg List Price
Current market
$470,000.00
Avg Sold Price
Last 30 days
+109.0%
Price Change
Month over month

Market Value Analysis

Price Segments

Luxury Homes: 3 properties
Above $1,473,567.33
Value Properties: 19 properties
Price Range Spread
$6,993,900.00

Price per Sq Ft by Type

Residential: $674/sqft
Residential Lease: $1/sqft

Property Age & Construction

New Construction

3

Built after 2020

Modern Homes

5

Built 2000-2020

Established Homes

1

Built 1980-2000

Historic Character

3

Built before 1980

Average Home Age

34 years

Range: 1886 - 2025

Lifestyle & Amenities

Garage Parking

8

Avg: 2.5 spaces

Fireplaces

7

Avg: 1.1 per home

Home Sizes & Layout

Size Distribution

Spacious (3000+ sqft): 3 homes
Medium (1500-2500 sqft): 4 homes
Cozy (800-1500 sqft): 3 homes

Layout Types

Single Story: 4 homes
Multi Story: 6 homes

Average Size

2,353 sqft

Market Timing Analysis

Quick Sales

8

Under 30 days

Moderate Pace

11

30-90 days

Longer Sales

4

Over 90 days

Recent Price Changes

Track the latest price movements in Palmyra real estate market. See which homes have had price adjustments in the last 30 days.

Price Reductions

9

Avg: -$25,556

Total Activity

9

Last 30 days

Recent Price Reductions

MLS# 3121839

Apr 8, 2026

$2,199

$1,900

-$299

MLS# 3121839

Apr 1, 2026

$2,399

$2,199

-$200

MLS# 3042736

Mar 15, 2026

$26,500

$24,900

-$1,600

Market Activity Insights

Price Increase Rate

0%

Price Reduction Rate

100%

Market Stability

Moderate

Palmyra Homes for Sale

Realtracs IDX Logo

MLS Information Disclaimer

Properties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (Cavins Realty Group).

IDX information © 2018 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or Cavins Realty Group. 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.

Last Updated: 2026-04-09T09:35:01+00:00