The Palmer Lake housing market is most competitive. The median sale price of a home in Palmer Lake was $275K last month, up 44.7% since last year. The median sale price per square foot in Palmer Lake is $161, down 13.4% since last year.
What is the housing market like in Palmer Lake today?
In October 2024, Palmer Lake home prices were up 44.7% compared to last year, selling for a median price of $275K. On average, homes in Palmer Lake sell after 17 days on the market compared to 6 days last year. There were 4 homes sold in October this year, down from 5 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$275,000
+44.7% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Palmer Lake, MN
$275,000
+44.7%
United States
To compare other locations to the Palmer Lake and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Brooklyn Park add value to a home.
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How hot is the Palmer Lake housing market?
Palmer Lake is most competitive. Homes sell in 13.5 days.
0
100
92
Most Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 5% above list price and go pending in around 14 days.
Hot homes
can sell for about 9% above list price and go pending in around 7 days.
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 Lake housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Palmer Lake.
Flood Factor - Minor
6% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Palmer Lake has a minor risk of flooding. 32 properties in Palmer Lake are likely to be
severely affected
by flooding over the next 30 years. This represents 6% of all properties in Palmer Lake. Flood risk is increasing faster than the national average.
26% of properties are at risk of wildfire over the next 30 years
Fire Factor
Palmer Lake has a moderate risk of wildfire. There are 253 properties in Palmer Lake that have some risk of being affected by wildfire over the next 30 years. This represents 26% of all properties in Palmer Lake.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Palmer Lake has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Palmer Lake is most at risk from severe storms. 962 properties in Palmer Lake have some risk of being in a severe wind event within the next 30 years.