Housing in Palermo, NJ

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$440,000

Median List Price

$769,000

Price Per Sq Ft

$393

Days on Market

5

Active Inventory

11

Months of Supply

11.0

Buyer's market

Price Trends

Source: Redfin
Sale Price ↓ 8.1%List Price ↑ 119.7%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

100.0%

Off Market in 2 Weeks

20.0%

Sale-to-List Ratio

102.6%

Seller's market

Sold Above Asking
100.0%
Under Contract in 2 Wks
20.0%
Listings with Price Drops
27.3%

Market Activity

Source: Redfin

Homes Sold

1

New Listings

1

Pending Sales

5

Homes Sold ↓ 66.7%New Listings ↓ 75.0%Pending ↑ 66.7%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$393

Median List $/SF

$294

Sale $/SF ↑ 44.5%List $/SF ↑ 46.3%Mar 24 → Jan 26

Palermo vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Palermo is highlighted.

Median Home Value

Median Price Per Sq Ft

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$393,900

Median Rent

N/A

Total Housing Units

1,259

Vacancy Rate

8.8%

Owner Occupied

98.1%

Renter Occupied

1.9%

Median Property Tax

$6,531

per year

Monthly Cost (w/ Mortgage)

$1,574

Housing Types

Single Family
86.7%
Multi-Family
0.5%
Mobile Home
12.8%

The current median sale price in Palermo, NJ is $440,000 according to Redfin data. Homes spend a median of 5 days on the market. 100.0% of homes sold above asking price. The market has 11.0 months of supply. The median price per square foot is $393. About 98.1% of housing units are owner-occupied. The median year homes were built is 1984. There are 1,259 total housing units.