Tait Zimmerman's Market Report

Palmer, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Palmer, AK

Sun Apr 14 2024
This week the median list price for Palmer, AK is $580,000 with the market action index hovering around 38. This is an increase over last month's market action index of 35. Inventory has decreased to 49. 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

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

Sun Apr 14 2024
This week the median list price for Palmer, AK is $580,000 with the market action index hovering around 38. This is an increase over last month's market action index of 35. Inventory has decreased to 49. 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

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 $580,000
Median Price of New Listings $521,190
Per Square Foot $270
Average Days on Market 116
Median Days on Market 63
Price Decreased 22%
Price Increased 6%
Relisted 12%
Inventory 49
Median Rent
Market Action 38
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
$757,500 2,823 1 - 2.5 acres 4 3 17 4 4 42
$619,750 2,228 0.5 - 1 acre 4 2.5 0 2 1 91
$517,000 1,990 0.5 - 1 acre 3 2.5 1 4 1 52
$407,550 1,566 0.5 - 1 acre 3 2 3 3 1 119