Why Live in Palmer
Palmer, often referred to as “Alaska at its Best,” is a rural neighborhood known for its picturesque valley and highland scenery, dotted with tall pines and surrounded by snow-capped ridges. Established in 1916, Palmer has a rich history, with 18 colony buildings from the 1930s and 1940s still standing in its nine-block historic downtown. The community celebrates its heritage with annual events like Colony Days in June and a Colony Christmas parade in December. The Alaska State Fair, the largest in the state, is a major attraction, featuring bands, carnival rides, and a giant cabbage weigh-off. Palmer’s homes range from two-bedroom downtown fixer-uppers to newly constructed Craftsman and contemporary homes in communities like Green Acres and Hidden Ranch. The area is known for its well-kept yards and occasional sidewalks. The Palmer Municipal Golf Course, a public 18-hole championship course, is a notable feature, attracting golfers from across the state and offering a scenic exercise option. Local athletes frequent the Sherrod sports complex, which includes a BMX Bike Park and a walking trail along the Matanuska River. Palmer is part of the Matanuska-Susitna Borough School District, with highly rated schools such as Swanson Elementary and Sherrod Elementary. Dining options include the family-owned Noisy Goose Restaurant and La Fiesta for Mexican cuisine. For shopping, residents have access to Fred Meyer and Carr’s. While Palmer offers a quiet suburban lifestyle, it is about 40 miles from downtown Anchorage, making it a feasible commute for those working in the city.
Home Trends in Palmer, AK
On average, homes in Palmer, AK sell after 52 days on the market compared to the national average of 50 days. The median sale price for homes in Palmer, AK over the last 12 months is $444,500, up 7% from the median home sale price over the previous 12 months.
Median Sale Price
$444,500
Median Single Family Sale Price
$465,000
Median 2 Bedroom Sale Price
$340,000
Average Price Per Sq Ft
$251
Number of Homes for Sale
84
Last 12 months Home Sales
426
Median List Price
$469,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%