Comprehensive market data and analysis• Updated Dec 2025
16.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 2 |
| 1-2 acres | - | 1 | 1 | 1 |
| 2-5 acres | - | 2 | 3 | 5 |
| 5-10 acres | - | - | 13 | 14 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 3 | 19 | 23 |
Acreage buckets
The median price for land in Palmer, Tennessee is currently $7K per acre. For a typical parcel, the median sale price is $29K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $25K while premium lots reached $70K.
Palmer, Tennessee is currently a strong buyer's market with 16.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Palmer, Tennessee currently has 16.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
The current absorption rate in Palmer, Tennessee is 6.3% (3-month basis), indicating slow demand. The top-performing broker in this market is SmallTown Hunting Properties & Real Estate, LLC.
Land in Palmer, Tennessee averages $290K per acre. The median price per acre is $7K, which may be more representative of typical transactions. Most parcels sold are around 5.0 acres.
The 3-month absorption rate in Palmer, Tennessee is 6.3%. The 12-month rate is 12.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 16 active listings in Palmer, Tennessee. 11 new listings have hit the market in the last 90 days. The median asking price is $104K.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.