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Is Palms, MI 48465 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Palms is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list95.6%Sold price ÷ list price
Median days on market246Listing to accepted offer
Median price per sq ft$368▲ +89.0% vs. last year

The Palms housing market right now

In the three months ending August 31, 2026, 0% of homes in Palms, MI 48465 sold above their list price and the typical home went under contract in 246 days. With only 1 sale, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (162 days then) and the median sale price rose 75% to $454,069. Overall, Palms is less competitive than a year ago, which gives buyers more room.

Within Sanilac County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.

Nearby, Applegate 48401 (50% sold over asking) and Melvin 48454 (50% sold over asking) are even more competitive.

Run the numbers for 48465

Prefilled for 48465Can I win this house?Multiple-offer likelihood for a listing Prefilled for 48465Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Applegate 48401Buyer’s market $183 /sq ftBrown City 48416Seller’s market $116 /sq ftCarsonville 48419Balanced $242 /sq ftCroswell 48422Seller’s market $119 /sq ft Browse all markets →

Where Palms is

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Questions about Palms real estate

How fast do homes sell in Palms?

The typical home went under contract in 246 days in the latest three months.

Do homes in Palms sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 95.6% of the list price.

What are property taxes in Palms?

About 0.90% of a home’s value a year in Sanilac County, or roughly $3,600 on a $400,000 home.

What is the median home price in Palms?

The median sale price was $454,069 in the three months ending August 31, 2026, about $368 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology