Is Palmersville, TN 38241 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Palmersville is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Palmersville housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Weakley County, TN

Population	835
Median income	$64,125
Average income	$92,695
Median home value	$105,700
Median rent	$555/month
Owner-occupied	76% of homes
Median year built	1983
Walkability	1.9 of 20Least walkable

Natural hazard riskEarthquakes (moderate), extreme heat (moderate), tornadoes (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 38241; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA); walkability from the EPA National Walkability Index.

Run the numbers for 38241

Prefilled for 38241Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38241Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Dresden 38225Seller’s market $119 /sq ft Dukedom 38226 — /sq ft Gleason 38229Buyer’s market $125 /sq ft Greenfield 38230Seller’s market $102 /sq ft Browse all markets →

Where Palmersville is

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Questions about Palmersville real estate

What are property taxes in Palmersville?

About 0.48% of a home’s value a year in Weakley County, or roughly $1,920 on a $400,000 home.

Local agents

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More tools for 38241

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Weakley County property taxes Weakley County loan limits Closing costs in Tennessee Hottest ZIP codes in Tennessee

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology