Is Palmyra, IN 47164 a buyer’s or seller’s market?
Palmyra is a seller’s market. With about 1.6 months of supply and 10% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Palmyra housing market right now
In the three months ending August 31, 2026, 10% of homes in Palmyra, IN 47164 sold above their list price, the typical home went under contract in 42 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 14%, homes sold faster (85 days then) and the median sale price fell 6% to $209,909. Overall, Palmyra is more competitive than a year ago, so tougher for buyers.
Within Harrison County, homes here sell faster than in 70% of the county’s ZIP codes, and sell less often over asking than in 60%.
Nearby, buyers who want less competition could look at New Middletown 47160 (0% sold over asking) or Depauw 47115 (0% sold over asking), while Laconia 47135 (100% sold over asking) and Ramsey 47166 (33% sold over asking) are even more competitive.
Run the numbers for 47164
Nearby markets
Central 47110Buyer’s market $134 /sq ftCorydon 47112Seller’s market $159 /sq ftCrandall 47114 $180 /sq ftDepauw 47115Buyer’s market $193 /sq ft Browse all markets →Towns like Palmyra nearby
Find towns like Palmyra in other states →Where Palmyra is
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Questions about Palmyra real estate
Is Palmyra a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Palmyra, IN 47164 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 42 days in the latest three months.
Do homes in Palmyra sell over asking?
10% of homes sold above their original list price, and the typical sale closed at 93.2% of the list price.
What are property taxes in Palmyra?
About 0.53% of a home’s value a year in Harrison County, or roughly $2,120 on a $400,000 home.
What is the median home price in Palmyra?
The median sale price was $209,909 in the three months ending August 31, 2026, about $156 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology