Is Palmer Town, 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 Town has remained a Seller's Market.
Housing Prices in Palmer Town, MA
How much do homes in Palmer Town, MA cost?
Median Sold Price
$301,750
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Palmer Town was $301,750 in April 2024, up 7.8% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $215K | $217K | +0.9% |
3 Bedrooms | $279.5K | $295K | +5.5% |
4 Bedrooms | $280K | $339.9K | +21.4% |
5+ Bedrooms | $352.5K | $315K | -10.6% |
Summary: Palmer Town 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 0.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 10.6%.
Housing Supply in Palmer Town, MA
How many homes are available in Palmer Town, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 32 | -5.9% |
Summary: The Palmer Town real estate market had 32 homes for sale in April 2024, a 5.9% 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 | 3 | 2 | -33.3% |
3 Bedrooms | 18 | 17 | -5.6% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Palmer Town 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 33.3%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Palmer Town in April 2024, up by 50.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 7% were sold at asking, and 60% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 31 Days | +40.3% |
Summary: Homes in Palmer Town had an average of 31 days on market in Apr 2024, up by 40.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Palmer Town; 80% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.