Bulk Sr₂PdO₃ was synthesized by a modified solid state reaction and a detailed characterization was carried out using both microscopic and macroscopic experimental techniques. Pd site exhibits an electric field gradient of 5.9(1) ⋅ 10¹⁷ V/cm² due to the anisotropic local atomic configuration. A Curie - paramagnetic susceptibility indicating antiferromagnetic interactions superimposed to a core diamagnetic state is confirmed. A linear volume thermal expansion with a coefficient of 3.0(1) ⋅ 10⁻⁵ K⁻¹ at room temperature is extracted. A collection of Einstein oscillators, with an Einstein temperature of about 115 K, is involved in the thermal transport. Large atomic displacements were observed in Sr vibrations. No Pd or Sr valence change is observed up to 900 K. A moderate anharmonicity is identified and quantified in a macroscopic Grüneisen parameter of 2.5(1) at room temperature. The electrical resistivity reveals a semiconducting behaviour. A systematic reduction in electrical resistivity and a change in the conduction mechanism is observed upon thermal cycling which indicates that a peculiar electronic mechanism is involved.