Tait Zimmerman's Market Report

Palmer, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Palmer, AK

Wed Feb 21 2024
This week the median list price for Palmer, AK is $579,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 57. 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

Wed Feb 21 2024
This week the median list price for Palmer, AK is $579,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 57. 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 $579,000
Median Price of New Listings $425,000
Per Square Foot $269
Average Days on Market 108
Median Days on Market 56
Price Decreased 19%
Price Increased 5%
Relisted 11%
Inventory 57
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
$757,000 2,822 1 - 2.5 acres 4 3.3 2 2 0 31
$614,499 2,247 0.5 - 1 acre 4 2.5 1 1 1 133
$495,500 1,784 0.5 - 1 acre 3 2 1 0 1 87
$375,000 1,566 0.5 - 1 acre 3 2 23 4 3 70