Tait Zimmerman's Market Report

Palmer, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Palmer, AK

Thu Jan 23 2020
This week the median list price for Palmer, AK is $320,000 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has held steady at or around 77. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Palmer, AK

Thu Jan 23 2020
This week the median list price for Palmer, AK is $320,000 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has held steady at or around 77. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Palmer market.
Median List Price $320,000
Per Square Foot $165
Days on Market 151
Price Decreased 27%
Price Increased 8%
Relisted 10%
Inventory 77
Median Rent $1,725
Most Expensive $2,300,000
Least Expensive $71,000
Market Action 37
Slight Seller's Advantage

The market is 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
$499,999 3,300 1 - 2.5 acres 4 3 12 1 1 196
$365,000 2,211 1 - 2.5 acres 4 2 2 0 1 132
$292,000 1,805 0.5 - 1 acre 4 2 13 2 1 126
$222,350 1,475 1 - 2.5 acres 3 2 19 2 2 147