Is Palestine, TX 75803 a buyer’s or seller’s market?
Palestine 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.
More competitive than 11% of U.S. ZIP codes, and #624 of 868 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Palestine housing market right now
In the three months ending August 31, 2026, 0% of homes in Palestine, TX 75803 sold above their list price, the typical home went under contract in 45 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. That’s based on 34 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (50 days then) and the median sale price fell 4% to $228,901. Overall, Palestine is about as competitive as it was a year ago.
Within Anderson County, homes here sell faster than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Palestine ranks #624 of 868 TX ZIP codes with enough sales (score 18 out of 100).
Nearby, Frankston 75763 (13% sold over asking) and Palestine 75801 (5% sold over asking) are even more competitive.
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Nearby markets
Elkhart 75839Buyer’s market $73 /sq ftFrankston 75763Balanced $173 /sq ftMontalba 75853 — /sq ftPalestine 75801Balanced $144 /sq ft Browse all markets →Towns like Palestine nearby
Find towns like Palestine in other states →Where Palestine is
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Questions about Palestine real estate
Is Palestine a buyer’s or seller’s market?
A balanced market: there were 5.9 months of supply in Palestine, TX 75803 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 Palestine?
The typical home went under contract in 45 days in the latest three months.
Do homes in Palestine sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.1% of the list price.
What are property taxes in Palestine?
About 0.92% of a home’s value a year in Anderson County, or roughly $3,680 on a $400,000 home.
What is the median home price in Palestine?
The median sale price was $228,901 in the three months ending August 31, 2026, about $138 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