Tait Zimmerman's Market Report

Palmer, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Palmer, AK

Thu Mar 28 2024
This week the median list price for Palmer, AK is $599,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has decreased to 50. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Palmer, AK

Thu Mar 28 2024
This week the median list price for Palmer, AK is $599,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has decreased to 50. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Palmer market.
Median List Price $599,000
Median Price of New Listings $634,500
Per Square Foot $270
Average Days on Market 134
Median Days on Market 81
Price Decreased 28%
Price Increased 4%
Relisted 16%
Inventory 50
Median Rent
Market Action 36
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
$772,500 2,944 1 - 2.5 acres 4 3.3 6 2 1 84
$642,500 2,444 0.5 - 1 acre 4 2.5 1 2 0 77
$525,000 2,050 0.5 - 1 acre 4 2.5 1 0 3 91
$379,900 1,512 0.5 - 1 acre 3 2 20 2 2 105