Tait Zimmerman's Market Report

Palmer, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Palmer, AK

Mon Jan 17 2022
This week the median list price for Palmer, AK is $590,750 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has decreased to 41. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Palmer, AK

Mon Jan 17 2022
This week the median list price for Palmer, AK is $590,750 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has decreased to 41. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Palmer market.
Median List Price $590,750
Median Price of New Listings $605,000
Per Square Foot $258
Average Days on Market 114
Median Days on Market 98
Price Decreased 12%
Price Increased 15%
Relisted 0%
Inventory 41
Median Rent $1,095
Market Action 44
Slight Seller's Advantage

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
$749,900 2,650 1 - 2.5 acres 4 3 1 1 0 157
$630,750 2,331 0.5 - 1 acre 4 2.8 1 3 0 84
$530,000 2,096 1 - 2.5 acres 3 2.5 1 2 1 91
$370,500 1,435 1 - 2.5 acres 3 2 13 1 2 56