Comprehensive market data and analysis• Updated Dec 2025
36.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | - | - | 1 | 2 |
| 2-5 acres | - | - | 1 | 2 |
| 5-10 acres | - | - | 1 | 7 |
| 10-20 acres | 1 | 1 | 1 | 3 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | 1 | 1 | 1 |
| TOTAL | 1 | 2 | 5 | 16 |
Acreage buckets
The median price for land in Palmyra, Tennessee is currently $16K per acre. For a typical parcel, the median sale price is $120K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $52K while premium lots reached $240K.
Palmyra, Tennessee is currently a strong buyer's market with 36.0 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 25.3% year-over-year.
Palmyra, Tennessee currently has 36.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The median land price in Palmyra, Tennessee stands at $120K. This translates to roughly $16K per acre for the typical parcel size. The average price is $201K, indicating some higher-priced properties pulling up the average.
Land in Palmyra, Tennessee averages $1.3M per acre. The median price per acre is $16K, which may be more representative of typical transactions. Most parcels sold are around 6.5 acres.
Over the past 12 months, Palmyra, Tennessee saw 16 properties sold, totaling $3.2M in sales volume. In just the last 3 months, 2 properties changed hands.
There are currently 24 active listings in Palmyra, Tennessee. 13 new listings have hit the market in the last 90 days. The median asking price is $150K.
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.
