Is Palmer Town, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$299,900
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Palmer Town have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Palmer Town was $299,900 in March 2024, up 7.1% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $265K | +32.5% |
| 3 Bedrooms | $283K | $290K | +2.5% |
| 4 Bedrooms | $290K | $328.9K | +13.4% |
| 5+ Bedrooms | $350K | $315K | -10.0% |
Summary: Palmer Town 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 32.5%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes decreased by 10%.
Housing Supply in Palmer Town, MA
How many homes are available in Palmer Town, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 32 | 0.0% |
Summary: The Palmer Town real estate market had 32 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Palmer Town 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 40%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palmer Town, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Palmer Town in March 2024, down by 10.0% month-over-month. Of the 9 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 17 Days | -49.2% |
Summary: Homes in Palmer Town had an average of 17 days on market in Mar 2024, down by 49.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 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 March 2024, 9 homes were sold in Palmer Town; 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.
