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PALMERSVILLE, TN 38241

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The PALMERSVILLE, TN real estate market (38241) currently shows 2 active listings, with 1 pending sales. Homes are averaging 33 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 33 days on market compared to 12 days last year.

The median listing price has risen 95.8% year-over-year, from $200,000 to $391,500.

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Market Context

Market Context

Population: 901  ·  Density: 5.8/mi²  ·  Median household income: $57,656

Typical home value: $124,330  ·  Homeownership: 76.9%

Market Overview

Active Listings
2
⇩ 33.3% vs 3 last year
Pending
1
50% pending ratio
Median Price
$391,500
⇧ 95.8% vs $200,000 last year
Average Price
$391,500
⇧ 132.6% vs $168,292 last year
Days on Market
33
⇧ 175% vs 12 days last year

Price Per Square Foot

Median $/sqft
$191
⇧ 91% vs $100/sqft last year
Median Home Size
2,025 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%
—

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 2 this year vs 3 last year
  • Days on market: 33 now vs 12 last year

Median & Average Pricing

Year over Year
  • Median: $391,500 (+95.8% YoY)
  • Average: $391,500 (+132.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 27.0 miles — 280 listings ($92,077,430 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38241Palmersville, TN 382410.0 mi3$450,000$150,000$150,000
38224Cottage Grove, TN 382246.2 mi4$1,209,200$375,000$302,300
38225Dresden, TN 382259.1 mi18$5,020,218$233,500$278,901
38237Martin, TN 3823714.2 mi43$12,902,881$258,450$300,067
38229Gleason, TN 3822914.4 mi10$2,738,210$179,000$273,821
42088Wingo, KY 4208816.0 mi7$1,281,525$181,250$183,075
38257South Fulton, TN 3825716.5 mi10$2,494,000$198,500$249,400
38231Henry, TN 3823117.5 mi4$769,800$121,400$192,450
38255Sharon, TN 3825520.1 mi6$2,344,800$369,500$390,800
38201McKenzie, TN 3820121.3 mi54$15,527,106$259,900$287,539
42071Murray, KY 4207121.6 mi85$36,437,120$360,000$428,672
42020Almo, KY 4202024.4 mi5$1,529,875$287,000$305,975
38256Springville, TN 3825627.0 mi31$9,372,695$255,000$302,345

Frequently Asked Questions

How many homes are for sale in PALMERSVILLE, TN 38241?

As of September 2026, there are 2 active listings in PALMERSVILLE, TN (zip code 38241), compared to 3 the prior year.

What is the median home price in PALMERSVILLE, TN 38241?

The median listing price in PALMERSVILLE, TN 38241 is $391,500 as of September 2026, a 95.8% increase from $200,000 the prior year.

How long do homes stay on the market in PALMERSVILLE, TN?

Homes in PALMERSVILLE, TN 38241 spend an average of 33 days on the market before going under contract, compared to 12 days the prior year.

Is it a seller's or buyer's market in PALMERSVILLE, TN 38241?

Based on current inventory and days-on-market data as of September 2026, PALMERSVILLE, TN 38241 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 33 days on market compared to 12 days last year.

How much can I save on real estate commission in PALMERSVILLE, TN?

With SELL123.com's maximum 3% commission, sellers in PALMERSVILLE, TN 38241 save an estimated $7,830 compared to a typical 5% commission on the median listing price of $391,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.