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PALMER, MI 49871

Real Estate Market Report  ·  Marquette County
Buyer's Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The PALMER, MI real estate market (49871) currently shows 3 active listings, with 1 pending sales. Homes are averaging 110 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 110 days on market compared to 3 days last year.

The median listing price has risen 104.6% year-over-year, from $130,000 to $265,950.

Whether you are buying or selling in PALMER, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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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
3
⇧ 200% vs 1 last year
Pending
1
33% pending ratio
Median Price
$265,950
⇧ 104.6% vs $130,000 last year
Average Price
$265,950
⇧ 104.6% vs $130,000 last year
Days on Market
110
⇧ 3566.7% vs 3 days last year

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 1 last year
  • Days on market: 110 now vs 3 last year

Median & Average Pricing

Year over Year
  • Median: $265,950 (+104.6% YoY)
  • Average: $265,950 (+104.6% 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 June 2026, there are 3 active listings in PALMER, MI (zip code 49871), compared to 1 the prior year.

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

The median listing price in PALMER, MI 49871 is $265,950 as of June 2026, a 104.6% increase from $130,000 the prior year.

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

Homes in PALMER, MI 49871 spend an average of 110 days on the market before going under contract, compared to 3 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 June 2026, PALMER, MI 49871 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 110 days on market compared to 3 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 $5,319 compared to a typical 5% commission on the median listing price of $265,950. 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.