From January through December of 2021, there were 25 homes sold, with a median sale price of $250,000 - a 51.5% increase over the $165,000 median sale price for the previous year. There were 25 homes sold in Palmyra in 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 2021.
The following table compares Palmyra to other Lee County cities with similar median sale prices in 2021:
| City | Jan. - Dec. 2021 Home Sales | Jan. - Dec. 2020 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2021 Median Sales Price | Jan. - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Palmyra | 25 | 25 | 0% | $250,000 | $165,000 | 51.5% |
| Lee | 7 | 8 | -12.5% | $187,000 | $95,500 | 95.8% |
| Steward | 6 | 14 | -57.1% | $158,250 | $157,000 | 0.8% |
| West Brooklyn | 5 | 1 | 400% | $151,000 | $5,600 | 2596.4% |
| Paw Paw | 26 | 18 | 44.4% | $134,950 | $122,500 | 10.2% |
| Sublette | 18 | 7 | 157.1% | $130,500 | $91,000 | 43.4% |
| Compton | 8 | 9 | -11.1% | $125,000 | $123,000 | 1.6% |
| Harmon | 6 | 2 | 200% | $124,000 | $75,000 | 65.3% |
| Ashton | 28 | 14 | 100% | $111,500 | $103,500 | 7.7% |
| Dixon | 343 | 264 | 29.9% | $105,000 | $99,250 | 5.8% |
| Amboy | 65 | 51 | 27.5% | $101,000 | $100,000 | 1% |
Alerts Sign-up