In June 2017, there were five homes sold, with a median sale price of $175,000 - a 146% increase over the $71,125 median sale price for the same period of the previous year. There were two homes sold in Palmyra in June 2016.
The median sales tax in Palmyra for 2017 was $3,700. In 2016, the median sales tax was $3,539. This marks an increase of 4.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.
The following table compares Palmyra to other Lee County cities in June 2017:
| City | June 2017 Home Sales | June 2016 Home Sales | % change (Total Home Sales) | June 2017 Median Sales Price | June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sublette | 1 | 1 | 0% | $300,000 | $63,250 | 374.3% |
| West Brooklyn | 1 | 1 | 0% | $255,000 | $80,000 | 218.8% |
| Palmyra | 5 | 2 | 150% | $175,000 | $71,125 | 146% |
| Amboy | 3 | 4 | -25% | $135,000 | $29,875 | 351.9% |
| Dixon | 33 | 32 | 3.1% | $88,400 | $39,500 | 123.8% |
| Franklin Grove | 4 | 3 | 33.3% | $66,000 | $43,750 | 50.9% |
| Steward | 2 | 1 | 100% | $61,500 | $56,500 | 8.8% |
| Ashton | 2 | 1 | 100% | $50,625 | $27,500 | 84.1% |
| Lee | 0 | 0 | - | $0 | $0 | - |
| Compton | 0 | 0 | - | $0 | $0 | - |
| Harmon | 0 | 0 | - | $0 | $0 | - |
| Nachusa | 0 | 1 | -100% | $0 | $43,000 | -100% |
| Paw Paw | 0 | 3 | -100% | $0 | $12,500 | -100% |
| Nelson | 0 | 0 | - | $0 | $0 | - |
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