$3,977 Closing Credit*
$334,900
1,407 SqFt
3 Beds
•1 Full Bath, 1 Partial
#73286515, John Pedro, Listing Office: John H. Pedro Real Estate
Is Palmer Town, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Palmer Town has remained a Seller's Market.
Key Takeaway
Palmer Town is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palmer Town, MA
How much do homes in Palmer Town, MA cost?
Median Sold Price
$311,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$19,000(+6.5%)
Key Takeaway
Homes in Palmer Town have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Palmer Town was $311,000 in August 2024, up 6.5% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $50K | N/A |
| 2 Bedrooms | $255K | $210K | -17.6% |
| 3 Bedrooms | $285K | $315K | +10.5% |
| 4 Bedrooms | $316.9K | $335K | +5.7% |
| 5+ Bedrooms | $330K | $355K | +7.6% |
Summary: Palmer Town housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 7.6%.
Housing Supply in Palmer Town, MA
How many homes are available in Palmer Town, MA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 48 | 45 | -6.3% |
Summary: The Palmer Town real estate market had 45 homes for sale in August 2024, a 6.3% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Palmer Town housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 13%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palmer Town, you could pay more than the asking price. 68.8% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Palmer Town in August 2024, the same as the previous month. Of the 16 sold homes, 31% were sold under asking, 0% were sold at asking, and 69% were sold over asking.
Days on Market for Palmer Town, MA
How long does it take to sell a home in Palmer Town, MA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 25 Days | 23 Days | -7.5% |
Summary: Homes in Palmer Town had an average of 23 days on market in Aug 2024, down by 7.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palmer Town are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 16 homes were sold in Palmer Town; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
