Palmer, TX Housing Market — 57 Homes Sold (September 2025 – September 2026)

Q: What does the typical Palmer home cost?

The typical Palmer home sold for $385,000 (about $202 per square foot) over the last twelve months.

Q: How fast do homes sell in Palmer?

The typical Palmer home went under contract in 47 days; 15.8% sold within the first week.

The edge goes to buyers: homes typically take 47 days and only 22.8% beat their asking price.

Palmer market at a glance

Homes sold (12 months): 57
Median sale price: $385,000 (about $2,190/month with 10% down at a 6.5% 30-year rate, principal & interest)
Median price per square foot: $202
Median days on market (list to contract): 47; 15.8% went under contract within a week
Sold over asking: 22.8% · Sold under asking: 42.1%
Typical home: 3 bed, 1,852 sqft, built 2017, mostly Palmer ISD
Price range of sales: $95,000 – $1,150,000
On the market right now: 19 active listings, 2 under contract, 4 months of supply, median asking $375,000
How buyers paid: Conventional 43.9%, FHA 28.1%, VA 10.5%, Cash 14%, Other 3.5%
Seller contributions: 68.4% of sellers chipped in, typically $9,000
Contract to close: about 29 days
HOA: 8.8% of sales had a mandatory HOA, typically $32/month
New construction: 28.1% of sales, median $472,500 vs $315,000 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: 50 sales, median $370,000, $201/sqft

Pricing right vs. cutting the price in Palmer

Sellers who held their original asking price sold in 21 days at 100% of ask. Sellers who overpriced and later cut took 105 days and kept 93.3% of the original ask — roughly $26,800 left on the table on a typical Palmer listing.

Nearby markets

Waxahachie · Midlothian · Ennis · Red Oak · Ferris · Ovilla · Maypearl · Italy

Common questions

Is now a good time to buy in Palmer? The edge goes to buyers: homes typically take 47 days and only 22.8% beat their asking price.

What does the typical Palmer home cost? $385,000 — about $202 per square foot, or roughly $2,190/month with 10% down before taxes and insurance.

How fast do homes sell in Palmer? The typical home went under contract in 47 days; 15.8% sold within the first week.

Source: NTREIS MLS closed sales, September 3 2025 – September 3 2026. Aggregate data only — Texas is a non-disclosure state. Compiled by Pax Realty (Ryan Storch, Broker). Explore all 186 cities · Full dataset · Book a strategy call · Call/text (972) 974-1821.