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Palmer

Why you'd want to live in Palmer

Palmer is striking because of its blend of farming community and alpine paradise: old red barns and fields of hay are bordered by knife-edged mountain peaks. The downtown area exudes a 1930s ambience; many of the historical buildings have been preserved right down to the antique furniture and wood floors. The Palmer Museum and Visitor Center is housed in a rustic log cabin and tells the stories of the area's Alaska Native, gold rush, and agricultural history. Next door is the Palmer Showcase Garden, which showcases flowers and the area's famous oversized vegetables in the summer. Also held at the Showcase Garden during summer is Friday Fling, a weekly open-air market with local produce, art, crafts, food, and live music. A block away is the Colony House Museum, an original farmhouse from the 1930s that was built during the settlement of Palmer. Today its eight rooms are still furnished with artifacts from that era. Guided tours of the museum are accompanied with fascinating stories of farmers adapting to raising crops in Alaska's short growing season. Many visitors like to drive Palmer's back roads past original colony farms. Begin by heading 9 miles northeast on the Glenn Highway and then hop on Farm Loop Road. If it’s mid- to late summer, keep an eye out for roadside vegetable stands. In June, the town celebrates its roots with Colony Days, a three-day event featuring food, games, races, a farmer’s market, booths, and the popular and entertaining Colony Day Parade. History and agriculture aren’t the only thing the town has to offer, though. Palmer is central to several day trip possibilities and activities, including hiking in the region’s many state parks, dogsledding, fishing, horseback riding, boating, ATV tours, flightseeing, and more. via travelalaska.com

Palmer Market Report

$532,507

AVERAGE PRICE OF 221 HOMES

$220,000

AVERAGE PRICE OF 2 DISTRESSED HOMES

$2,649,510

AVERAGE PRICE OF 13 MULTI-MILLION DOLLAR HOMES

$561,130

AVERAGE PRICE OF 65 NEWLY BUILT HOMES

$436,127

AVERAGE PRICE OF 7 REDUCED PRICE HOMES

Average Home

Average Price $532,507
Avg Bedrooms 2.21 beds
Avg Bathrooms 1.6 baths

Average Price by Bedrooms

1 bedroom $389,933
2 bedrooms $343,733
3 bedrooms $460,451
4 bedrooms $584,380
5 bedrooms $667,477
Palmer Home Price Trends
  1/2025 12/2024 11/2024 10/2024 9/2024
Total Listings 222 245 274 284 301
Average Price $537,571 $545,645 $537,457 $537,647 $543,171
Avg Price Change -1.50% +1.52% -0.04% -1.03% +2.38%
Median Price $436,045 $453,660 $450,057 $446,023 $450,198
Med Price Change -4.04% +0.80% +0.90% -0.94% -0.17%
Avg Bedrooms 2.19 beds 2.39 beds 2.34 beds 2.37 beds 2.35 beds
Avg Bathrooms 1.65 baths 1.77 baths 1.74 baths 1.77 baths 1.8 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Palmer 98 $374,827 203 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 221 $532,507 175 days
Distressed Homes 2 $220,000 187 days
Multi-Million Dollar Homes 13 $2,649,510 305 days
Newly Built Homes 65 $561,130 123 days
Reduced Price Homes 7 $436,127 94 days
Elite Real Estate Group
Jason Adkins
1689 S Knik Goose Bay Rd
Wasilla, AK 99623
907-606-0583

MIMLS The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Elite Real Estate Group are marked with either the listing brokerage's logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Listing information is updated daily. Last updated: February 13, 2025
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