Is Palmer, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Palmer has remained a Seller's Market.
Housing Prices in Palmer, MA
How much do homes in Palmer, MA cost?
Median Sold Price
$315,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Palmer was $315,000 in April 2024, up 11.2% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $235K | $246K | +4.7% |
3 Bedrooms | $283.2K | $306.7K | +8.3% |
4 Bedrooms | $302.5K | $339.9K | +12.4% |
5+ Bedrooms | $360K | $305K | -15.3% |
Summary: Palmer housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 15.3%.
Median Sold Price Compared To Nearby Cities
Palmer | $283.2K | $315K | +11.2% |
Palmer Town | $279.9K | $301.7K | +7.8% |
Three Rivers | $285K | $262.5K | -7.9% |
Housing Supply in Palmer, MA
How many homes are available in Palmer, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 26 | -3.7% |
Summary: The Palmer real estate market had 26 homes for sale in April 2024, a 3.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 15 | 13 | -13.3% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Palmer housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 13 | +116.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Palmer in April 2024, up by 116.7% month-over-month. Of the 13 sold homes, 23% were sold under asking, 8% were sold at asking, and 69% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 19 Days | -14.2% |
Summary: Homes in Palmer had an average of 19 days on market in Apr 2024, down by 14.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Palmer; 92% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.