Tait Zimmerman's Market Report

Palmer, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Palmer, AK

Mon May 17 2021
This week the median list price for Palmer, AK is $565,000 with the market action index hovering around 51. This is less than last month's market action index of 53. Inventory has increased to 52. 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

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Palmer, AK

Mon May 17 2021
This week the median list price for Palmer, AK is $565,000 with the market action index hovering around 51. This is less than last month's market action index of 53. Inventory has increased to 52. 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

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Palmer market.
Median List Price $565,000
Median Price of New Listings $498,700
Per Square Foot $227
Average Days on Market 61
Median Days on Market 28
Price Decreased 15%
Price Increased 17%
Relisted 6%
Inventory 52
Median Rent $1,650
Market Action 51
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
$799,900 2,837 1 - 2.5 acres 4 3 0 1 2 28
$599,900 2,385 1 - 2.5 acres 4 2 0 3 3 14
$499,000 2,493 1 - 2.5 acres 4 2 0 5 5 21
$250,000 1,400 1 - 2.5 acres 3 2 29 4 4 70