Is Palmer, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Palmer was a Seller's Market.
Key Takeaway
Palmer is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Palmer, MA
How much do homes in Palmer, MA cost?
Median Sold Price
$322,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Palmer have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Palmer was $322,000 in June 2024, up 8.4% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $237.5K | $250K | +5.3% |
| 3 Bedrooms | $285K | $311K | +9.1% |
| 4 Bedrooms | $305K | $352.5K | +15.6% |
| 5+ Bedrooms | $320K | $350K | +9.4% |
Summary: Palmer housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
| Palmer | $297K | $322K | +8.4% |
| Palmer Town | $285K | $304K | +6.7% |
Housing Supply in Palmer, MA
How many homes are available in Palmer, MA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The Palmer real estate market had 23 homes for sale in June 2024, a 4.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 6 | 2 | -66.7% |
Summary: The Palmer housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palmer, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Palmer in June 2024, down by 66.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Palmer, MA
How long does it take to sell a home in Palmer, MA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 10 Days | 17 Days | +62.0% |
Summary: Homes in Palmer had an average of 17 days on market in Jun 2024, up by 62% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palmer are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 3 homes were sold in Palmer; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
