Is Palmyra a buyer's or seller's market right now?

Palmyra is currently a seller's market with 1 months of supply. Homes are selling at 74.1% of list price, and 50% go pending within two weeks. The Ridley Sell Score for Palmyra is 54/100 (Moderate), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Palmyra?

The median home price in Palmyra is $74,000, down 62.1% year-over-year. The median price per square foot is $56. Homes sell in a median of 17 days with a sale-to-list ratio of 74.1%.

How much does it cost to sell a home in Palmyra, New York?

On a $74,000 home in Palmyra, a traditional listing agent charges around $2,220 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $5,920 or more. With Ridley Essentials ($999) you save $1,221, and with Ridley Pro ($3,499) you save -$1,279 while getting full agent support.

How does Ridley's flat fee compare to a traditional Palmyra agent?

A traditional Palmyra listing agent typically charges 3% of the sale price — about $2,220 on a $74,000 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $1,221–-$1,279 compared to a traditional agent.

How long does it take to sell a home in Palmyra?

The median home in Palmyra currently spends 17 days on the market before going under contract, down 34% from last year. 50% of homes go pending within two weeks. At a 74.1% sale-to-list ratio, sellers are seeing some negotiation.

Do I need a real estate agent to sell in New York?

No. New York does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $74,000 home, that could save you up to -$1,279.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in New York. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $2,220 commission.

National/New York

Palmyra, NY

Is Now a Good Time to Sell in Palmyra, New York?

The median home in Palmyra sells for $74,000 with prices down 62.1% year-over-year. The average seller pays $2,220 in commissions — Ridley’s flat fee saves you -$1,279.

Palmyra Real Estate Market Conditions — April 2026

54out of 100

Ridley Sell Score

How it's scored →

Moderate

54/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Palmyra market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Don't count on bidding wars — price to attract offers rather than leave room for negotiation. Sellers who prepare well can still achieve strong results.

Inventory TightnessFavors sellers

1 months of supply — well below the 5-month balanced threshold — 58% below the New York average of 2.4.

Price MomentumFavors buyers

Prices down 62.1% year-over-year — vs. +16.2% statewide.

Seller LeverageFavors buyers

Homes selling at 74.1% of asking — buyers are negotiating 25.9% below list. New York average is 98.4%.

Bidding ActivityFavors buyers

0% of homes selling above list price — 100% below the New York average of 33.9%.

Sale SpeedFavors sellers

17 median days on market — 59 days faster than the New York average.

Market UrgencyFavors sellers

50% of listings go pending within 2 weeks — vs. 16.2% statewide.

Price StabilityFavors sellers

Only 0% of listings have dropped their price — sellers are holding firm. New York average is 13.1%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$74,000

-62.1%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

-34%

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$56

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

74.1%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

Seller’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Not Very Competitive

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

50%

Fast-moving

12-Month Price Trend

$103,500 → $74,000

▼28.5%

$300K$200K$100K

MayJulSepNovJanMarApr

Data updated April 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Palmyra — delivered monthly.

Your savings

How much can you save selling your home in Palmyra?

The average Palmyra homeowner saves -$1,279 by selling with Ridley instead of paying the traditional 3% listing commission on a $74,000 home.

$0Estimated savings

That covers your moving costs — save -1.7% of your home value

Your Palmyra home value

$74,000

$50,000$10M

Traditional Agent (3%)

$2,220

Ridley Pro (flat fee)

$3,499

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Cost comparison

How much does it cost to sell a house in Palmyra?

The total cost to sell a house in Palmyra in 2026 ranges from $999 with Ridley Essentials to approximately $2,220 with a traditional 3% commission on a $74,000 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$2,220	$3,499	$999	$0
Buyer agent	$2,0722.8% avg	$1,480~2% avg	$1,480~2% avg	$2,0722.8% avg
Closing costs (~1.5%)	$1,110	$1,110	$1,110	$1,110
Total cost	$5,402	$6,089	$3,589	$3,182
Net proceeds	$68,598	$67,911	$70,411	$70,818
You save	—	-$687	$1,813	$2,220No support