My Favorite Real Estate Market Update

Palmer, AK

Single-Family Homes

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Palmer, AK

Sat Jun 12 2021
This week the median list price for Palmer, AK is $550,000 with the market action index hovering around 48. This is less than last month's market action index of 51. Inventory has increased to 63. 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.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Palmer, AK

Sat Jun 12 2021
This week the median list price for Palmer, AK is $550,000 with the market action index hovering around 48. This is less than last month's market action index of 51. Inventory has increased to 63. 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.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Palmer market.
Median List Price $550,000
Median Price of New Listings $412,500
Per Square Foot $226
Average Days on Market 48
Median Days on Market 28
Price Decreased 19%
Price Increased 16%
Relisted 3%
Inventory 63
Median Rent $1,550
Market Action 48
Strong Seller's Market

Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$724,500 2,837 1 - 2.5 acres 4 3 2 1 0 49
$592,450 2,476 1 - 2.5 acres 4 2 0 2 1 52
$493,800 2,099 1 - 2.5 acres 3 2 6 6 1 7
$245,000 1,435 1 - 2.5 acres 3 2 32 7 4 31