Is Palermo, CA 95968 a buyer’s or seller’s market?
Palermo 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.
The Palermo housing market right now
In the three months ending August 31, 2026, 33% of homes in Palermo, CA 95968 sold above their list price and the typical home went under contract in 8 days. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (140 days then) and the median sale price fell 53% to $174,924. Overall, Palermo is more competitive than a year ago, so tougher for buyers.
Within Butte County, homes here sell faster than in 93% of the county’s ZIP codes, and sell more often over asking than in 73%.
Nearby, buyers who want less competition could look at Stirling City 95978 (0% sold over asking) or Berry Creek 95916 (0% sold over asking), while Richvale 95974 (100% sold over asking) and Durham 95938 (55% sold over asking) are even more competitive.
Run the numbers for 95968
Nearby markets
Bangor 95914Seller’s market $207 /sq ftBerry Creek 95916Balanced $157 /sq ftBiggs 95917Buyer’s market $188 /sq ftChico 95926Seller’s market $286 /sq ft Browse all markets →Where Palermo is
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Questions about Palermo real estate
How fast do homes sell in Palermo?
The typical home went under contract in 8 days in the latest three months.
Do homes in Palermo sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 104.8% of the list price.
What are property taxes in Palermo?
About 1.15% of a home’s value a year in Butte County, or roughly $4,600 on a $400,000 home.
What is the median home price in Palermo?
The median sale price was $174,924 in the three months ending August 31, 2026, about $168 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