Is Palmer, MI 49871 a buyer’s or seller’s market?
Palmer 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.
The Palmer housing market right now
In the three months ending August 31, 2026, 50% of homes in Palmer, MI 49871 sold above their list price and the typical home went under contract in 187 days. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (58 days then) and the median sale price rose 82% to $236,897. Overall, Palmer is more competitive than a year ago, so tougher for buyers.
Within Marquette County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 89%.
Nearby, buyers who want less competition could look at Skandia 49885 (0% sold over asking) or Rock 49880 (0% sold over asking), while Republic 49879 (71% sold over asking) is even more competitive.
Run the numbers for 49871
Nearby markets
Big Bay 49808 — /sq ftChampion 49814Balanced $163 /sq ftCornell 49818Seller’s market $180 /sq ftGwinn 49841Seller’s market $180 /sq ft Browse all markets →Where Palmer is
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Questions about Palmer real estate
How fast do homes sell in Palmer?
The typical home went under contract in 187 days in the latest three months.
Do homes in Palmer sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 123.8% of the list price.
What are property taxes in Palmer?
About 0.97% of a home’s value a year in Marquette County, or roughly $3,880 on a $400,000 home.
What is the median home price in Palmer?
The median sale price was $236,897 in the three months ending August 31, 2026, about $104 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