From April through June of 2020, there were three homes sold, with a median sale price of $155,000 - a 21.6% increase over the $127,500 median sale price for the same period of the previous year. There were four homes sold in Palmyra in the second quarter of 2019.
The median sales tax in Palmyra for the most recent year with available data, 2018, was $3,804, approximately 2.5% of the median home sale price for the second quarter of 2020.
The following table compares Palmyra to other Lee County cities in the second quarter of 2020:
| City | Apr. - June 2020 Home Sales | Apr. - June 2019 Home Sales | % change (Total Home Sales) | Apr. - June 2020 Median Sales Price | Apr. - June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Steward | 1 | 2 | -50% | $285,000 | $136,000 | 109.6% |
| Franklin Grove | 5 | 7 | -28.6% | $164,900 | $57,000 | 189.3% |
| Palmyra | 3 | 4 | -25% | $155,000 | $127,500 | 21.6% |
| Compton | 2 | 4 | -50% | $152,250 | $101,995.25 | 49.3% |
| Ashton | 1 | 4 | -75% | $150,000 | $68,500 | 119% |
| Lee | 1 | 2 | -50% | $125,000 | $236,000 | -47% |
| Dixon | 30 | 47 | -36.2% | $115,750 | $82,500 | 40.3% |
| Amboy | 4 | 13 | -69.2% | $90,250 | $88,000 | 2.6% |
| Nachusa | 1 | 0 | - | $33,000 | $0 | - |
| West Brooklyn | 1 | 0 | - | $5,600 | $0 | - |
| Harmon | 0 | 1 | -100% | $0 | $50,100 | -100% |
| Paw Paw | 0 | 5 | -100% | $0 | $111,000 | -100% |
| Nelson | 0 | 1 | -100% | $0 | $199,000 | -100% |
| Sublette | 0 | 1 | -100% | $0 | $50,000 | -100% |
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