Is Palmyra, VA 22963 a buyer’s or seller’s market?

The Palmyra housing market right now

In the three months ending August 31, 2026, 17% of homes in Palmyra, VA 22963 sold above their list price, the typical home went under contract in 37 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 92 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 24%, homes sold more slowly (17 days then) and the median sale price fell 4% to $373,838. Overall, Palmyra is less competitive than a year ago, which gives buyers more room.

Within Fluvanna County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Palmyra ranks #256 of 358 VA ZIP codes with enough sales (score 49 out of 100).

Nearby, buyers who want less competition could look at Kents Store 23084 (0% sold over asking) or Bremo Bluff 23022 (0% sold over asking), while Fork Union 23055 (33% sold over asking) and Troy 22974 (20% sold over asking) are even more competitive.