From October through December of 2021, there were five homes sold, with a median sale price of $250,000 - a 31.6% increase over the $190,000 median sale price for the same period of the previous year. There were five homes sold in Palmyra in the fourth quarter of 2020, as well.
The median sales tax in Palmyra for the most recent year with available data, 2019, was $3,933, approximately 1.6% of the median home sale price for the fourth quarter of 2021.
The following table compares Palmyra to other Lee County cities in the fourth quarter of 2021:
| City | Oct. - Dec. 2021 Home Sales | Oct. - Dec. 2020 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2021 Median Sales Price | Oct. - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lee | 2 | 1 | 100% | $292,000 | $66,000 | 342.4% |
| Palmyra | 5 | 5 | 0% | $250,000 | $190,000 | 31.6% |
| West Brooklyn | 3 | 0 | - | $189,900 | $0 | - |
| Paw Paw | 6 | 4 | 50% | $157,450 | $118,500 | 32.9% |
| Amboy | 14 | 18 | -22.2% | $118,000 | $138,500 | -14.8% |
| Dixon | 64 | 70 | -8.6% | $102,500 | $93,250 | 9.9% |
| Sublette | 4 | 2 | 100% | $100,000 | $174,250 | -42.6% |
| Ashton | 4 | 5 | -20% | $94,750 | $97,000 | -2.3% |
| Franklin Grove | 11 | 5 | 120% | $91,000 | $125,200 | -27.3% |
| Nelson | 3 | 7 | -57.1% | $40,000 | $53,000 | -24.5% |
| Nachusa | 0 | 1 | -100% | $0 | $340,000 | -100% |
| Steward | 0 | 6 | -100% | $0 | $154,500 | -100% |
| Compton | 0 | 2 | -100% | $0 | $137,250 | -100% |
| Harmon | 0 | 0 | - | $0 | $0 | - |
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