Palmer, Burlington - October 2026 Real Estate Report
Palmer, Burlington: Here Is What Your Home Is Actually Worth Right Now
If you live in Palmer and you have been glancing at your last property tax assessment thinking it tells the full story - it does not. The market has moved, and the numbers below are what buyers and sellers are actually working with today.
The Vibe: Houses in Palmer
We are in a steady, no-drama market right now. The average HonestDoor Price for a house in Palmer sits at $980,228. That is down a modest 1.13% from last period - a small breather, not a freefall. The predicted market value is $991,424, which is actually ticking up against the 3-month moving average of $984,138. So the short-term direction is cautiously positive.
On the sales floor, the average sold price came in at $830,000, with listings averaging $849,000. Buyers are paying about 97.76% of list price - meaning they are negotiating a small discount, not paying over ask. That is a buyers market, but a calm one. Price per square foot is running around $668.
The one number that should get your attention: homes are sitting on the market for an average of 94 days. That is slow. Palmer ranks last (16 out of 16) in Burlington for days on market. If you are selling, pricing sharp from day one is not optional - it is the whole strategy.
- Average HonestDoor Price (Houses): $980,228
- Predicted Market Value: $991,424
- Average Sold Price: $830,000
- Average List Price: $849,000
- Sale-to-List Ratio: 97.76%
- Price Per Square Foot: $668
- Average Days on Market: 94
- Estimated Monthly Rent: $4,200
- Rental Yield: 4.68%
- Airbnb Estimate: $207 per night
On the neighbourhood leaderboard, Palmer houses rank 12 out of 22 in Burlington for growth - below average, but not at the bottom. Price rank is 14 out of 18, also below average. We are not leading the pack, but we are holding our own compared to nearby Mountainside, where the average sold price was $665,000 - well below Palmer's $830,000.
The Vibe: Condos in Palmer
The condo picture is a bit more honest about a cooling trend. The average HonestDoor Price is $578,047, down 0.66% from last period. The predicted market value has slipped to $551,550 - and that is actually down from the 3-month moving average of $578,333. Property values for condos have shifted by -6.23% recently. That is a number worth watching.
On the leaderboard, Palmer condos rank 15 out of 21 in Burlington for growth. Below average. If you own a condo here and you have been thinking about selling, the window is not getting wider right now.
- Average HonestDoor Price (Condos): $578,047
- Predicted Market Value: $551,550
- 3-Month Moving Average: $578,333
- Recent Value Change: -6.23%
- Estimated Monthly Rent: $2,737
- Rental Yield: 3.74%
- Airbnb Estimate: $141 per night
- Burlington Airbnb Rank: 11 out of comparable neighbourhoods
Nearby, Headon Forest condos are predicted at $603,935 and Mountainside at $553,965. Palmer sits below both right now. If you are a condo buyer, that gap might actually make Palmer the smarter entry point.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here is the thing about your city assessment - it is a snapshot from the past. It does not update when the market shifts, when interest rates move, or when your neighbour sells for more or less than expected. It is a static number doing a real-time job, and it is not built for that.
The HonestDoor Price is different. It pulls in current sales data, listing activity, and market movement to give you a live estimate of what your home is worth today - not what it was worth when the city last did its paperwork. For a house in Palmer, that number is $980,228. For a condo, it is $578,047. Those are the figures a buyer's agent is working with right now. You should be too.
Checking your HonestDoor Price takes two minutes and costs nothing. Relying on an outdated assessment when making a six-figure decision could cost you a lot more than that.
The So What - Thinking About Selling This Summer?
For house sellers, the honest advice is this: you have a real asset in Palmer, priced above Mountainside and with a predicted value nudging toward $991,000. But 94 days on market is a warning sign. Buyers here are not in a rush, and they know it. If you want to sell this summer and not still be on the market in the fall, price it right from the start. Do not chase the top of the range and plan to drop later - that strategy is costing sellers time and leverage in this market.
For condo sellers, move sooner rather than later. The 3-month trend is pointing down, not up. A -6.23% recent shift is not catastrophic, but it is a signal. Getting ahead of further softening is smarter than waiting to see if things bounce back.
For buyers - especially condo buyers - Palmer is worth a serious look right now. You are coming in below Headon Forest pricing, the rental yield is a reasonable 3.74%, and if the market stabilizes, you are buying near a local low point rather than chasing a peak.
Bottom line: Palmer is not the hottest neighbourhood on Burlington's leaderboard right now, but it is far from broken. Know your real number, price with purpose, and do not let a stale assessment be the thing that costs you at the negotiating table.
palmer | burlington | october 2026This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.