Palmer Real Estate Market Sees Home Sales Down

In this week's report, the number of homes sold in the Palmer market slid to four over the past 30 days, a decrease of 20.0% from last week's report, but still above the monthly average. Meanwhile, close-by Lancaster reported 35 homes sales, the highest number from all the surrounding cities. Potential buyers should note that prices are coming down in Palmer, and for this period the median sales price slid from $145,000 to $140,500. There are only two months of inventory available in Palmer, so it's a strong seller's market, even with the decrease in sales.

If a home with lots of bedrooms is what you want, then be sure to go see these listings in Palmer:

$199K   $167K  

Get started right now by checking out Palmer homes for sale or reviewing Palmer real estate trends.

Demographic facts about Palmer:

  • The total number of households here is 628.
  • This area has an unemployment rate of 7.5%.
  • The average school expenditure per student is $4,560. ($5,691 = national average)

Data reported through 1/11/2017

Comments:

Ask a local expert about this area:
Century 21 Judge Fite
Snapped 2 homes in this area
Keller Williams Realty
Snapped 1 home in this area

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