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Cheap Homes in Palmyra, NY

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Palmyra, NY Foreclosures

Current Market Conditions in in Palmyra, NY As of January 2026?
In the last month, Palmyra's real estate market has continued to thrive with new listings coming onto the market quickly finding buyers. There has been a slight uptick in buyer interest, attributed to the end of summer and the start of school season, as families look to settle into new homes before winter. The market remains competitive with homes listed at or above market value selling, showing that demand is still high. Overall, the market is healthy and suggests a sustaining demand in the near future.
How much do homes sell for in Palmyra, NY?
The average home price is currently $261,036.
In Palmyra, NY, how many homes are available?
There are currently 1 active home listings available in Palmyra.
What’s the average rental cost in Palmyra, NY?
The average rental price in Palmyra is $1,317.
What is the most expensive home in Palmyra?
The most expensive home sold in Palmyra had a price of $5,199,803.
What is currently the cheapest priced home in Palmyra, NY?
The cheapest home for sale in Palmyra is priced at $11,301.

Living in Palmyra, NY

Located in Wayne County in the Finger Lakes region, Palmyra, NY is a quaint village with a rich history and community vibe. It boasts various amenities, beautiful parks, and access to outdoor activities, making it a perfect place for families and individuals alike. The local events celebrated here enrich the lives of the residents, ensuring a strong sense of belonging and enjoyment.

Buyer vs Seller Market in Palmyra, NY

Palmyra's real estate market has shown a steady increase over the past year, with more buyers seeking homes in this tranquil village. The demand for housing, driven by its appealing lifestyle and affordable prices compared to larger nearby cities, has resulted in increased home valuations and quicker sales.

Recent statistics indicate a 15% increase in home prices year-over-year, reflecting growing interest in the area. Sellers are experiencing competitive offers, and homes are often selling within weeks of listing.

Home Value Estimator For Palmyra, NY

There are currently 3,256 real estate properties in Palmyra, NY, with a median automated valuation model (AVM) price of $224,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Palmyra, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Palmyra, NY, is $261,036.00, with the most expensive house in Palmyra, NY, topping out at $5,199,803.00 and the cheapest home in Palmyra, NY, clocking in at $11,301.00. In other words, there’s something for every potential homebuyer or savvy investor in Palmyra, NY!

Rent Prices In Palmyra, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Palmyra, NY, is on a rollercoaster ride. The average rent price in Palmyra, NY, is $1,317.00. Indeed, when looking to rent in Palmyra, NY, you can expect to pay as little as $590.00 or as much as $2,510.00, with the average rent median estimated to be $1,300.00. The good news is that finding an affordable and desirable property to rent in Palmyra, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Cheap Homes in Palmyra, NY

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