My Favorite Real Estate Market Update

Big Lake, AK

Single-Family Homes

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Big Lake, AK

Wed Apr 24 2024
This week the median list price for Big Lake, AK is $355,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has decreased to 12. Click here to stay informed with the Big Lake market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Big Lake, AK

Wed Apr 24 2024
This week the median list price for Big Lake, AK is $355,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has decreased to 12. Click here to stay informed with the Big Lake market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Big Lake market.
Median List Price $355,000
Median Price of New Listings $399,000
Per Square Foot $215
Average Days on Market 134
Median Days on Market 98
Price Decreased 50%
Price Increased 0%
Relisted 17%
Inventory 12
Median Rent
Market Action 39
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$839,000 2,218 N/A 2 1 22 0 0 210
$399,000 2,480 1 - 2.5 acres 3 1 28 1 0 119
$299,998 1,237 0.5 - 1 acre 3 2 24 0 1 49
$185,800 1,056 1 - 2.5 acres 2 2 21 0 0 98