Is Palmer, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Palmer is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Palmer has remained a Seller's Market.

Key Takeaway

Palmer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Palmer, MA

How much do homes in Palmer, MA cost?

Median Sold Price

$311,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$26,000(+9.1%)

Key Takeaway

Homes in Palmer have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in Palmer was $311,000 in March 2024, up 9.1% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $211.5K$272K
+28.6%
3 $285K$296K
+3.9%
4 $306.5K$331.9K
+8.3%
5+ $351K$305K
-13.1%

Summary: Palmer housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 13.1%.

Median Sold Price Compared To Nearby Cities

Palmer
+9.1%
Palmer Town
+7.1%
Three Rivers
-6.7%

Housing Supply in Palmer, MA

How many homes are available in Palmer, MA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2326+13.0%

Summary: The Palmer real estate market had 26 homes for sale in March 2024, a 13.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1015
+50.0%
4 56
+20.0%
5+ 53
-40.0%

Summary: The Palmer housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Palmer, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Palmer in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Mar 2023Mar 2024CHANGE
25 Days18 Days-24.7%

Summary: Homes in Palmer had an average of 18 days on market in Mar 2024, down by 24.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Palmer are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 6 homes were sold in Palmer; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Palmer, MA

Nearby Markets to Palmer, MA

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