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PALMYRA, IN 47164

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The PALMYRA, IN real estate market (47164) currently shows 3 active listings, with 2 pending sales. Homes are averaging 14 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 14 days on market compared to 24 days last year.

The median listing price has fallen 4.5% year-over-year, from $209,225 to $199,900.

Whether you are buying or selling in PALMYRA, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 3,764  ·  Density: 39.7/mi²  ·  Median household income: $60,729

Typical home value: $173,824  ·  Homeownership: 80.7%

Market Overview

Active Listings
3
⇩ 40% vs 5 last year
Pending
2
67% pending ratio
Median Price
$199,900
⇩ 4.5% vs $209,225 last year
Average Price
$199,900
⇩ 7% vs $214,982 last year
Days on Market
14
⇩ 41.7% vs 24 days last year

Price Per Square Foot

Median $/sqft
$87
⇩ 40.4% vs $146/sqft last year
Median Home Size
2,304 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 5 last year
  • Days on market: 14 now vs 24 last year

Median & Average Pricing

Year over Year
  • Median: $199,900 (-4.5% YoY)
  • Average: $199,900 (-7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.6 miles — 656 listings ($190,372,775 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47164Palmyra, IN 471640.0 mi5$1,408,300$223,500$281,660
47161New Salisbury, IN 471615.7 mi23$6,728,604$272,000$292,548
47115Depauw, IN 471158.0 mi6$1,628,160$205,000$271,360
47165Pekin, IN 471658.1 mi11$2,854,137$225,000$259,467
47122Georgetown, IN 471229.1 mi52$21,040,344$366,950$404,622
47119Floyds Knobs, IN 4711911.6 mi33$15,914,910$481,450$482,270
47136Lanesville, IN 4713613.6 mi35$14,239,505$449,900$406,843
47112Corydon, IN 4711215.0 mi41$13,793,343$299,900$336,423
47150New Albany, IN 4715015.4 mi186$53,111,370$249,950$285,545
47143Memphis, IN 4714317.7 mi43$13,432,813$304,900$312,391
40212Louisville, KY 4021218.3 mi107$21,819,547$134,260$203,921
40211Louisville, KY 4021118.8 mi86$12,347,966$136,000$143,581
47126Henryville, IN 4712619.6 mi28$12,053,776$399,999$430,492

Frequently Asked Questions

How many homes are for sale in PALMYRA, IN 47164?

As of February 2026, there are 3 active listings in PALMYRA, IN (zip code 47164), compared to 5 the prior year.

What is the median home price in PALMYRA, IN 47164?

The median listing price in PALMYRA, IN 47164 is $199,900 as of February 2026, a 4.5% decrease from $209,225 the prior year.

How long do homes stay on the market in PALMYRA, IN?

Homes in PALMYRA, IN 47164 spend an average of 14 days on the market before going under contract, compared to 24 days the prior year.

Is it a seller's or buyer's market in PALMYRA, IN 47164?

Based on current inventory and days-on-market data as of February 2026, PALMYRA, IN 47164 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 14 days on market compared to 24 days last year.

How much can I save on real estate commission in PALMYRA, IN?

With SELL123.com's maximum 3% commission, sellers in PALMYRA, IN 47164 save an estimated $3,998 compared to a typical 5% commission on the median listing price of $199,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.