Palmer, AK Home Values & Market Trends

Real estate market trends reflect that there have been 183 transactions over the past year in Palmer. The median value for residential home transactions that occurred over the previous year is $369,670.81. The number of current listings in Palmer is 7, and the percentage of properties for sale in the city is 7.00%. Palmer, AK currently has 9 properties in foreclosure, 1 bank owned properties, 8 properties headed for auction, and 7 properties for sale.

Palmer, AK Real Estate Market Overview

ZipMedian Est. Value
99645

$ 570,000

$ 250/sqft

Housing Market Summary for Palmer, AK

Mar 2023February 2024Change
Median Listing Price$299.9K$375.8K25.32%
Median Sold Price$368.4K$375.8K2.02%
Homes For Sale17600.00%
Homes Sold22384-62.33%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Palmer, AK

Palmer home values range from $23,260 to $3,400,000. The median estimated value of a home in Palmer is $369,670.81. The median list price of a home is 575,000, and the total count of properties in the city is 11,158.

Foreclosure
There is 1 zips within Palmer, AK; within this zips, the median estimated home value for homes in foreclosure ranges from $661,750 in 99645 to the lowest value of $100,243 in 99645. Foreclosure homes account for 0.00% of properties in Palmer, AK with 99645 containing 9 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Palmer, AK with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Palmer, AK; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Palmer, AK ranges from the highest value of $219,250 in 99645 to the lowest value of $219,250 in 99645. Bank owned homes and properties account for 0.01% of properties in Palmer, AK. There is 1 zips within Palmer, AK; 99645 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    99645 has 8 auction properties, the highest number of properties going to auction in a single zip in the state of Palmer, AK. Auction homes and other auction properties account for 0.07% of all properties in Palmer, AK. There is 1 zips within Palmer, AK; of that zips, the median estimated home value for homes going to auction ranges from $661,750 in 99645 to the lowest value of $100,243 in 99645.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.06% of residential properties in Palmer, AK with 99645 containing 7 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Palmer, AK; homes for sale in that zips, have a range of median values from $3,400,000 in 99645 to the lowest value of $375,000 in 99645.
    Sold Homes
    The median value for recently sold homes ranges from $966,936 in 99645 to the lowest price of $28,679 in 99645. There is 1 zips within Palmer, AK. 99645 has 66 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 0.59% of properties in Palmer, AK.

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      Guide for Palmer, AK

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      California
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      Anchorage Real Estate Cools Off in Late 2023 Despite Steady Per Square Foot Values
      Market Reports|posted 8 February 2024

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      4 Tips on How To Buy a House Wholesale
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      Looking to buy a house wholesale? Discover 4 essential tips to navigate the wholesale real estate market successfully.

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      How Much Should You Spend On Your First Home?
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      Learn about the key factors to consider when determining how much to spend on your first home.

      Oakland Real Estate Market Experiences Cooling Trend After 2023 Peak: Overview & Analysis
      California|posted 6 March 2024

      Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.

      Recently Listed Homes Palmer, AK

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