3 homes in Palermo
Homes for Sale in Palermo, CA
About Palermo, CA Real Estate
Palermo is a census-designated place (CDP) in Butte County, California, United States. The population was 5,555 at the 2020 census, up from 5,382 at the 2010 census.
Palermo is a small Butte County community near Oroville. Features affordable housing and rural atmosphere.
Today, Palermo has 3 homes for sale at a median price of $326,000, typically selling in about 14 days.
Palermo Market Analysis
Buyers in Palermo are looking at a median list price of $326,000. On a per square foot basis, the median runs $208. Since January, the median price has moved up about 68.4% to $160,000 as of July.
It takes about 60 days for the typical home here to go under contract. Listings take time to find buyers here, which gives buyers room to compare and negotiate. Palermo has 3 active listings on the market right now. 2 new listings came on the market in the last 30 days.
Most of what is for sale here is manufactured homes, about 66.7% of the mix, with single family homes accounting for another 33.3%. The highest rated nearby school is Palermo Middle, with a Topfind School Score of 3.
Top Rated Schools in Palermo
Powered by the Topfind School Score
- 3Palermo Middleintermediate/middle/junior high
Why Live in Palermo?
- Affordable housing
- Near Oroville
- Rural atmosphere
- Small community
Palermo Market Pulse
Topfind Market Read
Sellers hold the edge right now. The typical home sells in about 14 days, and 100% of current listings are under 30 days old. At the same time, 33% of sellers have trimmed their asking price, so the market is not running away from buyers. Sellers can price with confidence, while buyers should arrive pre-approved and ready to decide quickly.
Median Home Price
$326K
Chart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
3.0 months of supply
Balanced Supply3 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~14 days.
Sales Velocity
How fast homes are selling
Homes are selling quickly, which gives sellers leverage, though prepared buyers can still compete.
Inventory Distribution
Most current listings are under 30 days old, so the mix skews toward fresh inventory.
Housing Tenure in Palermo
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
66%
Homeowners
34%
Renters
Homeownership is 10.5 points higher than the California average (55.5%)
2,067 households (2023)
Median Price by Bedroom
Home prices generally rise with bedroom count, though not every step adds value.
Each additional bedroom adds about $-11K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$-11K)
Price Reductions
1 listings have reduced their price
33% of active listings
Average reduction: 2.7% (~$9K)
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Frequently Asked Questions about Homes for Sale in Palermo, CA
How many homes are for sale in Palermo, CA?
There are currently 3 homes for sale in Palermo, ranging from $275,000 to $399,900.
What is the median home price in Palermo?
The median list price in Palermo is $326,000. Price per square foot averages $217.
How fast do homes sell in Palermo?
Homes in Palermo currently average 14 days on the market, a brisk pace where attractive homes are gone within a month.
Is Palermo a buyer's or seller's market right now?
Current conditions point to a strong seller's market. 1 active listings have reduced their asking price, which signals where sellers are willing to negotiate.
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