Tait Zimmerman's Market Report

Palmer, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Palmer, AK

Mon Nov 23 2020
This week the median list price for Palmer, AK is $390,000 with the market action index hovering around 41. This is less than last month's market action index of 45. Inventory has held steady at or around 61. 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 recently plateaued. 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

Mon Nov 23 2020
This week the median list price for Palmer, AK is $390,000 with the market action index hovering around 41. This is less than last month's market action index of 45. Inventory has held steady at or around 61. 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 recently plateaued. 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 $390,000
Per Square Foot $197
Days on Market 113
Price Decreased 20%
Price Increased 20%
Relisted 2%
Inventory 61
Median Rent $1,600
Most Expensive $2,500,000
Least Expensive $49,900
Market Action 41
Slight Seller's Advantage

The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

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
$575,000 3,854 1 - 2.5 acres 4 3 19 1 1 138
$445,000 2,142 1 - 2.5 acres 4 2 4 1 2 71
$347,500 1,800 1 - 2.5 acres 3 2 0 0 1 77
$275,537 1,430 1 - 2.5 acres 3 2 5 2 0 160