Is Palmer, AK 99645 a buyer’s or seller’s market?
Palmer is a seller’s market. With about 2.3 months of supply and 31% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 80% of U.S. ZIP codes, and #13 of 31 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Palmer housing market right now
In the three months ending August 31, 2026, 31% of homes in Palmer, AK 99645 sold above their list price, the typical home went under contract in 16 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 170 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 28%, homes sold more slowly (13 days then) and the median sale price held steady to $478,793. Overall, Palmer is about as competitive as it was a year ago.
Within Matanuska-Susitna Borough, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in 80%. On our competition score, Palmer ranks #13 of 31 AK ZIP codes with enough sales (score 75 out of 100).
Nearby, buyers who want less competition could look at Cantwell 99729 (0% sold over asking) or Skwentna 99667 (0% sold over asking), while Sutton 99674 (100% sold over asking) and Houston 99694 (36% sold over asking) are even more competitive.
Run the numbers for 99645
Nearby markets
Big Lake 99652Seller’s market $312 /sq ftCantwell 99729 $344 /sq ftHouston 99694Seller’s market $276 /sq ftSkwentna 99667Buyer’s market $267 /sq ft Browse all markets →Towns like Palmer nearby
Find towns like Palmer in other states →Where Palmer is
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Questions about Palmer real estate
Is Palmer a buyer’s or seller’s market?
A seller’s market: there were 2.3 months of supply in Palmer, AK 99645 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Palmer?
The typical home went under contract in 16 days in the latest three months.
Do homes in Palmer sell over asking?
31% of homes sold above their original list price, and the typical sale closed at 100.3% of the list price.
What are property taxes in Palmer?
About 1.06% of a home’s value a year in Matanuska-Susitna Borough, or roughly $4,240 on a $400,000 home.
What is the median home price in Palmer?
The median sale price was $478,793 in the three months ending August 31, 2026, about $268 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