Palmyra, WI Real Estate

Palmyra, Wisconsin is a rural community located 40-miles west of Milwaukee in the Kettle Moraine State Forest area. Surrounded by trails, streams and hills, wildlife is prevalent in the area. North of the Scuppernong River, the noticeable reminisce of the Glacier Age adds to the beautiful natural landscape of the village. The Palmyra Industrial Park is 48-acres of land for current and open to new business. With churches of various beliefs, library and many village services, Palmyra upholds to sustain a great quality of life.

The Palmyra housing market provides an array of homes for sale. Houses for sale include three-bedroom Ranches, two-story homes with unique features, lakefront homes with luxurious amenities and lots with more than 19-acres of land for equestrian training.

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Outdoor recreational opportunities are popular activities in Palmyra. Residents have the opportunity to run, hike, snowmobile and fish throughout the community. Scenic trails and lakes are key areas to enjoy the outdoors.

A segment of the Ice Age National Scenic Trail provides a beautiful natural area for residents to hike and walk through. The segment of the well maintained 1000-mile path offers picturesque views of the Ice Age formations. The trail is managed by state and local organizations.

Blue Spring Lake and Lower Spring Lake offer great fresh water areas for people to spend their time outdoors. Fishermen can snag the catch of the day at Blue Spring Lake filled with bass, northern pike and bluegills. Boating is also allowed at certain times at the lake. Lower Spring Lake offers a sandy beach for visitors to bask in the sunlight. Picnic tables, a concession stand and beach house are also available for visitors to enjoy. A playground is available for kids.

Circle K Campground offers 80 seasonal camp sites in the Kettle Moraine area. The campground provides fishing, hiking and swimming. The site is open from early May to late October.

The Palmyra Municipal Airport offers 50-hangers and over 60 airplanes for lease. The airport is home to the Palmyra Flying Club, the Flying Hawks and the EAA Chapter 1177 who provide programs for the community.

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The village was named after a city in the Syrian Desert due to sand being so prevalent in the area by David and Samuel Powers. Palmyra was incorporated in 1866.

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Palmyra properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Eagle Elementary School (Eagle) Palmyra-Eagle Area School District public 253 Not Provided Eagle Elementary School GreatSchools Rating
Palmyra Elementary School (Palmyra) Palmyra-Eagle Area School District public 276 Not Provided Palmyra Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Palmyra-Eagle Middle School (Palmyra) Palmyra-Eagle Area School District public 200 Not Provided Palmyra-Eagle Middle School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Palmyra-Eagle High School (Palmyra) Palmyra-Eagle Area School District public 277 Not Provided Palmyra-Eagle High School GreatSchools Rating
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Market Conditions
Market Conditions for Palmyra - October 2019 | Shorewest Realtors®
October 2019

Market Conditions for Palmyra

Median Sale Price Graph

Median Sale Price

The median sale price for homes in October was $224,900. The median sales price for homes in October rose by $24,900 compared to last month. This represents a 12.45% increase from September. Compared to the same month last year, the median price of homes fell by ($1,100) representing a -0.48% year-over-year change.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale fell by 2 in October to 18. This represents 10% decrease from September when 20 homes were on the market. Compared to the same month last year when there were 8 homes for sale, the inventory of homes for sale has risen by 10 representing a 125% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 3 homes sold in October was the same as in September. Compared to the same month last year, the number of homes sold did not change 0, a 0% year-over-year .

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in October (65) increased by 49 days compared to September. This represents a 306.25% increase in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold increased by 4, a 6.55% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 97.79% in October fell by 4.47% compared to September and increased 4.31% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in October (2) fell by 4 compared to September, a 66.66% change. Compared to October 2018, the number of new listings increased by 1, a 100% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in October was $109,900. The median list price for homes in October fell by ($99,550) compared to last month. This represents a 47.52% decrease from September. Compared to the same month last year, the median list price of homes decreased ($190,100) representing a -63.36% year-over-year decrease.




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