PalmerHousing market

Palmer

Palmer Housing Market Report

Strong Seller's Market

All types - for the month of February

Buyer's market Seller's market

2

Days of inventory (DOI)*

DOI in real estate tells you how long it would take to sell all the current homes on the market at the current sales pace if no new homes were listed. Typically, a DOI of 0-3 months indicates a seller's market, where homes are selling quickly and there are more buyers than available homes.

19

Days on market (DOM)*

DOM refers to Average Days on Market, which represents how long on average listings remain on the market before selling. DOM excludes listings that are pulled from the market without selling. A low DOM means it sold quickly, while a high DOM could mean it's overpriced or less in demand.

Total Active Listings*

15 active

New

13(+44.44% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 3, in 2023: 1, in 2022: 1

Total Sold Listings*

8 sold

Median Sold Price

$1,002,500

Avg Days on Market

19 days

Median Bidding

-$27,450

Compared to number of sold, same period, in 2024: 4, in 2023: 5, in 2022: 11

*Data is for the month of February

Median Sold Price vs Average Days and Average Total Days on Market - Palmer - All types

Sold vs Active vs New vs Relisted - Palmer - All types

Sold Price Distribution - Palmer - All types

Sold price distribution per the last 3 months's sold listings.

Property Type Distribution - Palmer - All types

Property type distribution based on data from the last 3 months.

Median Price - Palmer - All types

Just listed - Palmer

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, building for 1830 WALKERS Line #301, Burlington Ontario L7M 4V5

3 days on market

Up to3K Cashback

1830 WALKERS Line #301, Burlington

Condo221000-1199 sq ft

Listed by RE/MAX ESCARPMENT REALTY INC.

Home with brick exterior material, street for 3480 Upper Middle Rd #91, Burlington Ontario L7M 4S1

3 days on market

Up to4K Cashback

3480 Upper Middle Rd #91, Burlington

Condo221000-1199 sq ft

Listed by HOUSESIGMA INC.

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 3480 Upper Middle Rd #27, Burlington Ontario L7M 4R7

6 days on market

Up to4K Cashback

3480 Upper Middle Rd #27, Burlington

Condo321200-1399 sq ft

Listed by RE/MAX PROFESSIONALS INC.

Just sold - Palmer

Home with brick exterior material, street for 1464 Reynolds Ave, Burlington Ontario L7M 3B9

Sold 6 days ago

Sold for $940,000

$40K above asking

1464 Reynolds Ave, Burlington

Detached3+121100-1500 sq ft

Listed by KELLER WILLIAMS EDGE REALTY

Home with vinyl exterior material, street for 3233 Lansdown Dr, Burlington Ontario L7M 1K1

Sold 9 days ago

Sold for $1,225,000

$75K below asking

3233 Lansdown Dr, Burlington

Detached43- sq ft

Listed by RE/MAX Escarpment Realty Inc., Brokerage

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 1433 Reynolds Ave, Burlington Ontario L7M 3B6

Sold 10 days ago

Sold for $1,225,000

$25K below asking

1433 Reynolds Ave, Burlington

Detached432000-2500 sq ft

Listed by ROYAL LEPAGE MEADOWTOWNE REALTY

Population and Demographics

Overview

Total population 5834

Average household income $140,477

Age (%)

0 to 19

22%

35 to 49

21%

50 to 64

21%

65 and plus

18%

20 to 34

17%

Household composition (%)

Single family

74%

Single person

23%

Multi person

3%

Multi family

0%

Mother tongue (%)

English

87%

Others

3%

French

2%

Spanish

2%

Punjabi (Panjabi)

1%

Polish

1%

Arabic

1%

House tenancy (%)

Owners

89%

Renters

11%

Top 2 Schools in Palmer

Canadian Martyrs Catholic Elementary School3201 Lansdown Dr, L7M 1K1, Burlington, ON

8/10

Public•JK-8

Sir Ernest MacMillan Public School1350 Headon Rd, L7M 1V8, Burlington, ON

5.4/10

Public•JK-8

Transportation

Car Friendly

4/5

Good access to freeways and major arteries, with a large amount of parking nearby

Pedestrian Friendly

3/5

Few day-to-day needs are within walking distance

Transit Friendly

2/5

Transit is available for some trips

Shopping, Food and Nightlife

Cafes

2/5

Few or no cafés within walking distance

Groceries

4/5

At least one grocery store within a 15-minute walk

Nightlife

1/5

Few or no bars within walking distance

Shopping

3/5

Some shops within walking distance

Restaurants

3/5

Some restaurants within walking distance