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. 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

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

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. 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

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 $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