$2,328 Closing Credit*
$196,000
1,172 SqFt
3 Beds
•1 Full Bath
#73314636, Brenda Binczewski, Listing Office: RE/MAX Connections
Is Palmer, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$330,250
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,250(+10.1%)
Key Takeaway
Homes in Palmer have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Palmer was $330,250 in October 2024, up 10.1% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $273.4K | $230K | -15.9% |
| 3 Bedrooms | $299.5K | $329.9K | +10.2% |
| 4 Bedrooms | $324.5K | $370K | +14.0% |
| 5+ Bedrooms | $285.9K | $365K | +27.7% |
Summary: Palmer housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.9%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 27.7%.
Median Sold Price Compared To Nearby Cities
| Palmer | $300K | $330.2K | +10.1% |
| Palmer Town | $293.5K | $321K | +9.4% |
Housing Supply in Palmer, MA
How many homes are available in Palmer, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 49 | -2.0% |
Summary: The Palmer real estate market had 49 homes for sale in October 2024, a 2.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 25 | 25 | 0.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Palmer housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palmer, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Palmer in October 2024, up by 33.3% month-over-month. Of the 12 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 35 Days | +43.0% |
Summary: Homes in Palmer had an average of 35 days on market in Oct 2024, up by 43% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were 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 October 2024, 12 homes were sold in Palmer; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
