The Palmer Lake housing market is most competitive. The median sale price of a home in Palmer Lake was $245K last month, down 14.9% since last year. The median sale price per square foot in Palmer Lake is $192, up 33.3% since last year.
What is the housing market like in Palmer Lake today?
In March 2024, Palmer Lake home prices were down 14.9% compared to last year, selling for a median price of $245K. On average, homes in Palmer Lake sell after 22 days on the market compared to 14 days last year. There were 6 homes sold in March this year, up from 4 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$245,000
-14.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Palmer Lake, MN
$245,000
-14.9%
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.
Risk Factor
Flood Factor - Minor
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Palmer Lake has a minor risk of flooding. 63 properties in Palmer Lake are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in Palmer Lake. Flood risk is increasing faster than the national average.
37% of properties are at risk of wildfire over the next 30 years
Fire Factor
Palmer Lake has a moderate risk of wildfire. There are 365 properties in Palmer Lake that have some risk of being affected by wildfire over the next 30 years. This represents 37% of all properties in Palmer Lake.
Palmer Lake has minimal risk of severe winds over the next 30 years
Wind Factor
Palmer Lake has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.