Tait Zimmerman's Market Report
Palmer, AK
Single-Family Homes
Advantage Alaska Real Estate | 907-519-0043
Palmer, AK
Mon Mar 08 2021
This week the median list price for Palmer, AK is $411,950 with the market action index hovering around 50. This is an increase over last month's market action index of 45. Inventory has held steady at or around 42.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
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
| Median List Price | $411,950 | |
| Per Square Foot | $209 | |
| Days on Market | 35 | |
| Price Decreased | 14% | |
| Price Increased | 21% | |
| Relisted | 7% | |
| Inventory | 42 | |
| Median Rent | $1,515 | |
| Most Expensive | $895,000 | |
| Least Expensive | $49,900 | |
| Market Action | 50 | |
| Strong Seller's Market | ||
The market appears to be 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 |
|---|---|---|---|---|---|---|---|---|
| $684,950 | 2,712 | 1 - 2.5 acres | 4 | 3 | 1 | 1 | 0 | 21 |
| $474,950 | 2,561 | 1 - 2.5 acres | 4 | 2 | 0 | 4 | 2 | 28 |
| $385,000 | 1,800 | 1 - 2.5 acres | 3 | 2 | 11 | 2 | 1 | 42 |
| $239,900 | 1,430 | 1 - 2.5 acres | 3 | 2 | 37 | 4 | 1 | 56 |