Comprehensive market data and analysis• Updated Dec 2025
4.3 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 4 | 4 | 6 |
| 1-2 acres | - | - | 1 | 2 |
| 2-5 acres | - | 1 | 1 | 5 |
| 5-10 acres | - | 1 | 1 | 1 |
| 10-20 acres | - | 1 | 1 | 5 |
| 20-50 acres | - | 1 | 3 | 3 |
| 50-100 acres | - | - | 1 | 4 |
| 100+ acres | - | 1 | 1 | 1 |
| TOTAL | 1 | 9 | 13 | 27 |
Acreage buckets
The median price for land in Palmyra, Virginia is currently $15K per acre. For a typical parcel, the median sale price is $112K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $47K while premium lots reached $267K.
Palmyra, Virginia is currently a seller's market with 4.3 months of supply. Buyers should be prepared to move quickly and may face competitive pricing. Prices have decreased 71.0% year-over-year.
Palmyra, Virginia currently has 4.3 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
There are currently 13 active listings in Palmyra, Virginia. 10 new listings have hit the market in the last 90 days. The median asking price is $165K.
Land in Palmyra, Virginia averages $55K per acre. The median price per acre is $15K, which may be more representative of typical transactions. Most parcels sold are around 6.0 acres.
The current absorption rate in Palmyra, Virginia is 23.1% (3-month basis), indicating strong demand. With depreciating values (-71.0% YoY), buyers may find value opportunities. The top-performing broker in this market is MONTICELLO COUNTRY REAL ESTATE, INC..
Over the past 12 months, Palmyra, Virginia saw 27 properties sold, totaling $4.0M in sales volume. In just the last 3 months, 9 properties changed hands.
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.
