$2,706 Closing Credit*
$227,900
800 SqFt
2 Beds
•1 Full Bath, 1 Partial
#73320966, Julius Williams, Listing Office: Coldwell Banker Realty - Western MA
Is Palmer, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Palmer was a Seller's Market.
Key Takeaway
Palmer is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Palmer, MA
How much do homes in Palmer, MA cost?
Median Sold Price
$331,750
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,750(+10.6%)
Key Takeaway
Homes in Palmer have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Palmer was $331,750 in November 2024, up 10.6% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $250K | -7.4% |
| 3 Bedrooms | $295K | $330K | +11.9% |
| 4 Bedrooms | $324.5K | $400K | +23.3% |
| 5+ Bedrooms | $285.9K | $375K | +31.2% |
Summary: Palmer housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 31.2%.
Median Sold Price Compared To Nearby Cities
| Palmer Town | $290K | $321K | +10.7% |
| Palmer | $300K | $331.7K | +10.6% |
| Three Rivers | $276.5K | $291K | +5.2% |
Housing Supply in Palmer, MA
How many homes are available in Palmer, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 40 | -16.7% |
Summary: The Palmer real estate market had 40 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 23 | 19 | -17.4% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Palmer housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 17.4%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 5 | -61.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palmer, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Palmer in November 2024, down by 61.5% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 33 Days | +13.9% |
Summary: Homes in Palmer had an average of 33 days on market in Nov 2024, up by 13.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Palmer has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Palmer; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
