In July 2017, there were six homes sold, with a median sale price of $233,950 - a 129.6% increase over the $101,875 median sale price for the same period of the previous year. There were four homes sold in Palmyra in July 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 1.6%.
The following table compares Palmyra to other Lee County cities in July 2017:
| City | July 2017 Home Sales | July 2016 Home Sales | % change (Total Home Sales) | July 2017 Median Sales Price | July 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Steward | 1 | 0 | - | $302,500 | $0 | - |
| Palmyra | 6 | 4 | 50% | $233,950 | $101,875 | 129.6% |
| Ashton | 2 | 4 | -50% | $142,500 | $42,375 | 236.3% |
| Nelson | 1 | 0 | - | $125,000 | $0 | - |
| Dixon | 35 | 30 | 16.7% | $93,000 | $43,000 | 116.3% |
| Franklin Grove | 3 | 2 | 50% | $80,000 | $81,750 | -2.1% |
| Amboy | 10 | 5 | 100% | $57,500 | $43,000 | 33.7% |
| Paw Paw | 1 | 1 | 0% | $12,000 | $13,000 | -7.7% |
| Sublette | 0 | 2 | -100% | $0 | $37,750 | -100% |
| Lee | 0 | 2 | -100% | $0 | $126,000 | -100% |
| West Brooklyn | 0 | 0 | - | $0 | $0 | - |
| Compton | 0 | 0 | - | $0 | $0 | - |
| Harmon | 0 | 1 | -100% | $0 | $45,000 | -100% |
| Nachusa | 0 | 0 | - | $0 | $0 | - |
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