Is Palestine, TX 75801 a buyer’s or seller’s market?

The Palestine housing market right now

In the three months ending August 31, 2026, 5% of homes in Palestine, TX 75801 sold above their list price, the typical home went under contract in 55 days and there were 5.3 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. That’s based on 43 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (87 days then) and the median sale price rose 35% to $239,896. Overall, Palestine is more competitive than a year ago, so tougher for buyers.

Within Anderson County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Palestine ranks #460 of 868 TX ZIP codes with enough sales (score 23 out of 100).

Nearby, buyers who want less competition could look at Tennessee Colony 75861 (0% sold over asking) or Elkhart 75839 (0% sold over asking), while Frankston 75763 (13% sold over asking) is even more competitive.