Palmer Park, MI Housing Market

Homes for sale | City guide

The Palmer Park housing market is somewhat competitive. The median sale price of a home in Palmer Park was $360K last month, down 35.7% since last year. The median sale price per square foot in Palmer Park is $136, up 3.0% since last year.

Trends
Demand
Schools
Climate
Transportation

Palmer Park Housing Market Trends

What is the housing market like in Palmer Park today?

In October 2024, Palmer Park home prices were down 35.7% compared to last year, selling for a median price of $360K.

$360K

Sale Price

-35.7%
since last year

$136

Sale $/Sq. Ft.

+3.0%
since last year

Under List Price

3.1%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the Palmer Park and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Detroit add value to a home.

Work with the best agents in Palmer Park

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How hot is the Palmer Park housing market?

Palmer Park is somewhat competitive. Homes sell in 51 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 51 days.
Hot homes
can sell for around list price and go pending in around 10 days.

Compare With Nearby Neighborhoods

University District

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 34 days.
Hot homes
can sell for around list price and go pending in around 11 days.

Bagley

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 60 days.
Hot homes
can sell for about 1% above list price and go pending in around 27 days.

See more nearby cities and neighborhoods

View houses in Palmer Park that sold recently

Recently sold homes

SOLD OCT 18, 2024
$360,000 Last Sold Price
3 beds
2.5 baths
2,637 sq ft
1920 W Mcnichols Rd, Detroit, MI 48203
List Price
$400,000
Sale to List
10% under list
Days on Market
66 days
1920 W Mcnichols Rd, Detroit, MI 48203

Schools in Palmer Park

Learn about schools in the Palmer Park area

Elementary
Middle
High

GreatSchools Rating

No elementary schools in this region.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Palmer Park housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Palmer Park.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Moderate

93% of properties are at moderate risk of heat over the next 30 years

Provided by First Street Foundation

Transportation in Palmer Park

Learn about the walkability, bikeability, and transit-friendliness of Palmer Park

47 / 100

Car-Dependent

Walk Score®

38 / 100

Some Transit

Transit Score®

46 / 100

Somewhat Bikeable

Bike Score®

More real estate resources for Palmer Park

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Palmer Park, MI Housing Market

Palmer Park Housing Market Trends

How hot is the Palmer Park housing market?

View houses in Palmer Park that sold recently

Recently sold homes

Schools in Palmer Park

GreatSchools Rating

No elementary schools in this region.

Climate's impact on Palmer Park housing

Flood Factor - Minor

Flood Factor

Fire Factor - Moderate

Fire Factor

Wind Factor - Minor

Wind Factor

Heat Factor - Moderate

Heat Factor

Transportation in Palmer Park

Walk Score®

Transit Score®

Bike Score®

More real estate resources for Palmer Park

Zip Code Housing Markets

Nearby Neighborhood Housing Markets

City Housing Markets

Zip Code Listings

Nearby Neighborhood Listings

City Listings

Rentals