Call or Text (240) SELL-123

PALMER, MI 49871

Real Estate Market Report  ·  Marquette County
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The PALMER, MI real estate market (49871) currently shows 2 active listings, with 1 pending sales. Homes are averaging 2 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 2 days on market compared to 15 days last year.

The median listing price has fallen 44.9% year-over-year, from $272,450 to $150,000.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for PALMER, MI 49871 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 499  ·  Density: 11.5/mi²  ·  Median household income: $56,250

Typical home value: $65,235  ·  Homeownership: 87.5%

Market Overview

Active Listings
2
— vs 2 last year
Pending
1
50% pending ratio
Median Price
$150,000
⇩ 44.9% vs $272,450 last year
Average Price
$150,000
⇩ 44.9% vs $272,450 last year
Days on Market
2
⇩ 86.7% vs 15 days last year

Price Per Square Foot

Median $/sqft
$120
⇧ 44.6% vs $83/sqft last year
Median Home Size
1,248 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 2 now vs 15 last year

Median & Average Pricing

Year over Year
  • Median: $150,000 (-44.9% YoY)
  • Average: $150,000 (-44.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 42.0 miles — 82 listings ($29,887,318 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49871Palmer, MI 498710.0 mi3$797,850$265,950$265,950
49866Negaunee, MI 4986610.6 mi16$5,526,176$409,900$345,386
49849Ishpeming, MI 4984911.2 mi24$9,662,136$328,000$402,589
49822Deerton, MI 4982224.1 mi2$1,575,000$787,500$787,500
49815Channing, MI 4981526.3 mi6$1,281,498$174,925$213,583
49879Republic, MI 4987926.9 mi8$2,465,488$269,900$308,186
49891Trenary, MI 4989127.5 mi2$260,000$130,000$130,000
49808Big Bay, MI 4980831.3 mi3$2,949,900$1,380,000$983,300
49818Cornell, MI 4981831.8 mi2$775,000$387,500$387,500
49834Foster City, MI 4983432.6 mi3$1,248,801$329,900$416,267
49873Perronville, MI 4987337.9 mi3$366,600$122,200$122,200
49962Skanee, MI 4996239.7 mi3$1,416,000$472,000$472,000
49870Norway, MI 4987042.0 mi7$1,562,869$174,900$223,267

Frequently Asked Questions

How many homes are for sale in PALMER, MI 49871?

As of September 2026, there are 2 active listings in PALMER, MI (zip code 49871), compared to 2 the prior year.

What is the median home price in PALMER, MI 49871?

The median listing price in PALMER, MI 49871 is $150,000 as of September 2026, a 44.9% decrease from $272,450 the prior year.

How long do homes stay on the market in PALMER, MI?

Homes in PALMER, MI 49871 spend an average of 2 days on the market before going under contract, compared to 15 days the prior year.

Is it a seller's or buyer's market in PALMER, MI 49871?

Based on current inventory and days-on-market data as of September 2026, PALMER, MI 49871 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 2 days on market compared to 15 days last year.

How much can I save on real estate commission in PALMER, MI?

With SELL123.com's maximum 3% commission, sellers in PALMER, MI 49871 save an estimated $3,000 compared to a typical 5% commission on the median listing price of $150,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.