Tait Zimmerman's Market Report

Palmer, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Palmer, AK

Wed Sep 22 2021
This week the median list price for Palmer, AK is $505,950 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has increased to 82. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Palmer, AK

Wed Sep 22 2021
This week the median list price for Palmer, AK is $505,950 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has increased to 82. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Palmer market.
Median List Price $505,950
Median Price of New Listings $349,900
Per Square Foot $223
Average Days on Market 73
Median Days on Market 42
Price Decreased 23%
Price Increased 10%
Relisted 6%
Inventory 82
Median Rent $1,000
Market Action 43
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
$712,200 2,810 1 - 2.5 acres 4 3 0 0 0 84
$587,450 2,310 1 - 2.5 acres 3 2 0 0 0 105
$405,000 2,026 0.5 - 1 acre 3 2 17 7 6 35
$284,900 1,627 1 - 2.5 acres 3 2 34 6 5 21