Norman Lynn and Lynn B. Banks buy 2454 W. Banks Road, Palmyra

The home at 2454 W. Banks Road, Palmyra, Utah County, was sold on July 6 by Lynn B Banks and Lynn B. Banks and Kathryn J. Banks Trust 02-07-2018 the for $826,200.

Norman Lynn and Lynn B. Banks were listed as the buyers.

Property taxes on the home totaled $2,349 in 2024, or 0.3% of the sale price.

This property is the only sale in Palmyra, Utah County, between June 6 and July 6.

This article is based on data published by BlockShopper.com.

U.S. home prices continued to rise in 2025, with the national median reaching about $447,000 in June. That's up 1.13% from a year earlier, according to Redfin. The data also show a significant gap in supply and demand, with 36% more sellers than buyers (a difference of 508,715 homes). By Redfin’s definition, a balanced market has seller and buyer numbers within 10% of each other.