My Favorite Real Estate Market Update

Palmer, AK

Single-Family Homes

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Palmer, AK

Thu Sep 24 2020
This week the median list price for Palmer, AK is $379,900 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has held steady at or around 67. Click here to stay informed with the Palmer market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Palmer, AK

Thu Sep 24 2020
This week the median list price for Palmer, AK is $379,900 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has held steady at or around 67. Click here to stay informed with the Palmer market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Palmer market.
Median List Price $379,900
Per Square Foot $190
Days on Market 113
Price Decreased 36%
Price Increased 21%
Relisted 1%
Inventory 67
Median Rent $2,075
Most Expensive $2,500,000
Least Expensive $49,900
Market Action 43
Slight Seller's Advantage

Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$693,500 4,012 1 - 2.5 acres 4 3 15 0 1 196
$450,000 2,427 1 - 2.5 acres 4 2 5 2 4 88
$325,925 1,696 1 - 2.5 acres 3 2 0 0 3 64
$240,000 1,430 0.5 - 1 acre 3 2 16 4 6 105