Palmyra, WI Real Estate

Palmyra Properties

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.

Real Estate
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.

Amenities
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.

History
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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Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
Palmyra Elementary School (Palmyra) Palmyra-eagle Area School District Public 174 14 PALMYRA ELEMENTARY SCHOOL GreatSchools Rating
Palmyra-eagle High School (Palmyra) Palmyra-eagle Area School District Public 255 13 PALMYRA-EAGLE HIGH SCHOOL GreatSchools Rating
Palmyra-eagle Middle School (Palmyra) Palmyra-eagle Area School District Public 450 13 PALMYRA-EAGLE MIDDLE SCHOOL GreatSchools Rating
Demographics

Population Demographics

  City County State
Total Population 3,873 85,836 5,852,878
Total Households 1,541 32,960 2,349,819
Total Families 1,100 22,458 1,516,725
Percent Male 50% 50% 50%
Percent Female 50% 50% 50%
White Collar Jobs 52% 52% 58%
Blue Collar Jobs 49% 48% 42%

Top Occupations

Professions Population Employed
Professional Services 168
Manufacturing 106
Transportation 90
Sales 75
Maintenance 69
Healthcare 53
Management 49
Social Services 44
Construction 43
Food 37

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income

Education Attainment

  City County State
Some High School 188 3,043 224,571
High School Graduate 1,044 20,526 1,256,597
Some College 679 12,282 833,955
Associates Degree 258 6,212 410,260
Bachelors Degree 351 9,467 747,113
Graduate Degree 161 4,148 384,121

Education Attainment


Market Conditions
Market Conditions for Palmyra - August 2020 | Shorewest Realtors®
August 2020

Market Conditions for Palmyra

Median Sale Price Graph

Median Sale Price

The median sale price for homes in August was $250,000. The median sales price for homes in August fell by ($4,100) compared to last month. This represents a 1.61% decrease from July. Compared to the same month last year, the median price of homes did not change $0 representing a 0% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale fell by 3 in August to 5. This represents 37.5% decrease from July when 8 homes were on the market. Compared to the same month last year when there were 19 homes for sale, the inventory of homes for sale has fallen by 14 representing a -73.68% 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 5 homes sold in August was 3 more than in July. This represents a 150% increase in sales from July. 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 August (15) decreased by 18 days compared to July. This represents a 54.54% decrease 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 decreased by 9, a -37.5% 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 102.7% in August rose by 2.88% compared to July and increased 10.87% 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 August (2) fell by 2 compared to July, a 50% change. Compared to August 2019, the number of new listings decreased by 7, a -77.77% 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 August was $284,900. The median list price for homes in August rose by $77,450 compared to last month. This represents a 37.33% increase from July. Compared to the same month last year, the median list price of homes increased $60,000 representing a 26.67% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




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