My Favorite Real Estate Market Update

Palmer, AK

Single-Family Homes

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Palmer, AK

Tue May 26 2020
This week the median list price for Palmer, AK is $352,200 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has held steady at or around 80. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Palmer, AK

Tue May 26 2020
This week the median list price for Palmer, AK is $352,200 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has held steady at or around 80. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Palmer market.
Median List Price $352,200
Per Square Foot $177
Days on Market 95
Price Decreased 26%
Price Increased 3%
Relisted 6%
Inventory 80
Median Rent $2,300
Most Expensive $2,300,000
Least Expensive $37,500
Market Action 43
Slight Seller's Advantage

The market appears to be hovering around this plateau. Look for a persistent change 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
$599,450 3,737 1 - 2.5 acres 3 3 17 5 2 122
$399,900 2,170 1 - 2.5 acres 4 2 1 3 1 75
$314,425 1,679 0.5 - 1 acre 3 2 14 5 6 51
$209,350 1,223 0.25 - 0.5 acre 3 2 38 2 2 131