Palmer, TX Housing Market: 52 Homes Sold (September 2025 to September 2026)

Q: What does the typical Palmer home cost?

The typical Palmer home sold for $370,000 (about $199 per square foot) over the last twelve months.

Q: How fast do homes sell in Palmer?

The typical Palmer home went under contract in 49 days; 17.3% sold within the first week.

The edge goes to buyers: homes typically take 49 days and only 21.2% beat their asking price.

Palmer market at a glance

Homes sold (12 months): 52
Median sale price: $370,000 (about $2,105/month with 10% down at a 6.5% 30-year rate, principal & interest)
Median price per square foot: $199
Median days on market (list to contract): 49; 17.3% went under contract within a week
Sold over asking: 21.2% · Sold under asking: 44.2%
Typical home: 3.5 bed, 1,808 sqft, built 2016, mostly Palmer ISD
Price range of sales: $150,000 – $801,500
On the market right now: 24 active listings, 2 under contract, 5.5 months of supply, median asking $351,750
How buyers paid: Conventional 40.4%, FHA 34.6%, VA 13.5%, Cash 9.6%, Other 1.9%
Seller contributions: 69.2% of sellers chipped in, typically $9,500
Contract to close: about 29 days
HOA: 9.6% of sales had a mandatory HOA, typically $32/month
New construction: 26.9% of sales, median $472,500 vs $310,000 resale

Five-year price history in Palmer

Median sale price by quarter: 2023 Q1: $345,000 · 2024 Q1: $347,000 · 2025 Q1: $362,750 · 2026 Q3: $302,000.

Median price by elementary school zone

Palmer: 47 sales, median $365,000, $200/sqft

Pricing right vs. cutting the price in Palmer

Sellers who held their original asking price sold in 20 days at 99.9% of ask. Sellers who overpriced and later cut took 97 days and kept 93.3% of the original ask, roughly $24,900 left on the table on a typical Palmer listing.

Nearby markets

Waxahachie · Midlothian · Ennis · Red Oak · Glenn Heights · Ferris · Ovilla · Italy

Common questions

Is now a good time to buy in Palmer? The edge goes to buyers: homes typically take 49 days and only 21.2% beat their asking price.

What does the typical Palmer home cost? $370,000, about $199 per square foot, or roughly $2,105/month with 10% down before taxes and insurance.

How fast do homes sell in Palmer? The typical home went under contract in 49 days; 17.3% sold within the first week.

Source: NTREIS MLS closed sales, September 5 2025 to September 5 2026. Aggregate data only; Texas is a non-disclosure state. Compiled by Pax Realty (Ryan Storch, Broker). Explore all 186 cities · Full dataset · Text Ryan · Call/text (972) 974-1821.