Is Palmyra, TN 37142 a buyer’s or seller’s market?
Palmyra is a balanced market. With about 5.9 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Palmyra housing market right now
In the three months ending August 31, 2026, 0% of homes in Palmyra, TN 37142 sold above their list price, the typical home went under contract in 80 days and there were 5.9 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (76 days then) and the median sale price rose 2% to $439,810. Overall, Palmyra is about as competitive as it was a year ago.
Within Montgomery County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Woodlawn 37191 (18% sold over asking) and Clarksville 37042 (13% sold over asking) are even more competitive.
Run the numbers for 37142
Nearby markets
Clarksville 37040Balanced $179 /sq ftClarksville 37042Balanced $180 /sq ftClarksville 37043Balanced $185 /sq ftCunningham 37052Buyer’s market $211 /sq ft Browse all markets →Towns like Palmyra nearby
Find towns like Palmyra in other states →Where Palmyra is
Loading map…
Questions about Palmyra real estate
Is Palmyra a buyer’s or seller’s market?
A balanced market: there were 5.9 months of supply in Palmyra, TN 37142 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Palmyra?
The typical home went under contract in 80 days in the latest three months.
Do homes in Palmyra sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.9% of the list price.
What are property taxes in Palmyra?
About 0.61% of a home’s value a year in Montgomery County, or roughly $2,440 on a $400,000 home.
What is the median home price in Palmyra?
The median sale price was $439,810 in the three months ending August 31, 2026, about $254 per square foot.
Local agents
See all agents in 37142 →No sponsored agents in 37142 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 37142
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology