My Favorite Real Estate Market Update
Big Lake, AK
Single-Family Homes
Office 907-746-HOME | https://www.MyFavoriteRealtyAK.com
Big Lake, AK
Thu Sep 24 2020
This week the median list price for Big Lake, AK is $270,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 19.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
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
| Median List Price | $270,000 | |
| Per Square Foot | $126 | |
| Days on Market | 138 | |
| Price Decreased | 37% | |
| Price Increased | 0% | |
| Relisted | 11% | |
| Inventory | 19 | |
| Median Rent | ||
| Most Expensive | $625,000 | |
| Least Expensive | $45,000 | |
| Market Action | 40 | |
| Slight Seller's Advantage | ||
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
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 |
|---|---|---|---|---|---|---|---|---|
| $452,000 | 2,152 | 2.5 - 5 acres | 3 | 2 | 9 | 0 | 2 | 91 |
| $330,000 | 2,560 | 1 - 2.5 acres | 3 | 2 | 15 | 0 | 0 | 106 |
| $200,000 | 2,226 | 0.25 - 0.5 acre | 4 | 2 | 24 | 1 | 0 | 71 |
| $89,999 | 1,292 | 1 - 2.5 acres | 2 | 2 | 16 | 0 | 1 | 273 |