Is Palmer Town, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Palmer Town is a seller's market

Buyer's
Market

Difference Since November 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

$321,000

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$31,000(+10.7%)

Key Takeaway

Homes in Palmer Town have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in Palmer Town was $321,000 in November 2024, up 10.7% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$50K
N/A
2 $237.5K$242.5K
+2.1%
3 $284.1K$322K
+13.3%
4 $305K$367.5K
+20.5%
5+ $315K$355K
+12.7%

Summary: Palmer Town 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 increased by 2.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 12.7%.

Median Sold Price Compared To Nearby Cities

Monson
+15.7%
Palmer Town
+10.7%
Palmer
+10.6%
Three Rivers
+5.2%

Housing Supply in Palmer Town, MA

How many homes are available in Palmer Town, MA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5649-12.5%

Summary: The Palmer Town real estate market had 49 homes for sale in November 2024, a 12.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1212
0.0%
3 2522
-12.0%
4 98
-11.1%
5+ 107
-30.0%

Summary: The Palmer Town 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 12%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 30%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
139-30.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Palmer Town, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Palmer Town in November 2024, down by 30.8% month-over-month. Of the 9 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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

Nov 2023Nov 2024CHANGE
34 Days25 Days-26.5%

Summary: Homes in Palmer Town had an average of 25 days on market in Nov 2024, down by 26.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Palmer Town are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 9 homes were sold in Palmer Town; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Palmer Town, MA

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