My Favorite Real Estate Market Update

Big Lake, AK

Single-Family Homes

Office 907-746-HOME | https://www.MyFavoriteRealtyAK.com



Big Lake, AK

Sat Jun 12 2021
This week the median list price for Big Lake, AK is $230,000 with the market action index hovering around 50. This is an increase over last month's market action index of 46. Inventory has increased to 20. 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.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Big Lake, AK

Sat Jun 12 2021
This week the median list price for Big Lake, AK is $230,000 with the market action index hovering around 50. This is an increase over last month's market action index of 46. Inventory has increased to 20. 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.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Big Lake market.
Median List Price $230,000
Median Price of New Listings $217,450
Per Square Foot $157
Average Days on Market 70
Median Days on Market 28
Price Decreased 5%
Price Increased 0%
Relisted 5%
Inventory 20
Median Rent
Market Action 50
Strong Seller's Market

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$400,000 2,720 1 - 2.5 acres 4 2 24 0 0 28
$274,900 2,208 1 - 2.5 acres 3 2 18 2 0 21
$179,000 1,140 1 - 2.5 acres 2 1 25 1 1 49
$70,000 549 1 - 2.5 acres 2 1 17 1 1 28