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Featured local agent — Palmer, MI
Sarah Mitchell
Compass Real Estate · Palmer, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Palmer, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$129,000median sale price
How is the Palmer, MI housing market right now?
The median home sale price in Palmer, MI is $129,000. Homes sell in an average of 70 days with 1 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Palmer a buyer's or seller's market?
Palmer, MI is currently a seller's market, based on 0.5 months of supply and homes selling in about 70 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
70
Average pace
Active listings
1
0.5 months supply
Sale-to-list
97.5%
Below asking
What does the Palmer housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $129,000 |
| Average days on market | 70 days |
| Active inventory | 1 listings |
| Months of supply | 0.5 months |
| Sale-to-list price ratio | 97.5% |
| Median price per sq ft | $122/sq ft |
| Homes sold (latest month) | 2 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Palmer by property type?
How the Palmer, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $129,000 | $122/sq ft | 2 | 70 days |
Source: Redfin · Updated monthly
The Palmer housing market is currently classified as a seller's market with a median sale price of $129,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 70 days on market, indicating 0.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Palmer
There are currently 1 homes listed for sale in Palmer, Michigan.
Active listings
1
Homes on market
Avg. days on market
70
Days until sale
Who lives in Palmer?
Population
342
Median income
$64,000/yr
Median age
39 years
Owner-occupied
91.5%
College grads
14.8%
Avg commute
29.6 min
Source: U.S. Census Bureau ACS
What is it like to live in Palmer?
Palmer is a community of approximately 0K residents with a median age of 39 years.The median household income is $64,000, which represents a working-class community with solid middle-income opportunities. 14.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 91.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Palmer offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Palmer, MI?
Want a head-to-head view? Compare Palmer side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Palmer?
The median home sale price in Palmer is $129,000, down 0.0% from last year.
How long do homes stay on market in Palmer?
Homes typically spend 70 days on market before going under contract.
What is the median income in Palmer?
The median household income is $64,000 per year.
Is Palmer a buyer's or seller's market?
With 0.5 months of supply, Palmer is currently a seller's market.
How much does a single-family home cost in Palmer?
The median single-family home price in Palmer, MI is $129,000 (about $122 per square foot).
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