My Favorite Real Estate Market Update

Big Lake, AK

Single-Family Homes

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Big Lake, AK

Tue May 26 2020
This week the median list price for Big Lake, AK is $285,000 with the market action index hovering around 27. This is an increase over last month's market action index of 26. Inventory has held steady at or around 31. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Big Lake, AK

Tue May 26 2020
This week the median list price for Big Lake, AK is $285,000 with the market action index hovering around 27. This is an increase over last month's market action index of 26. Inventory has held steady at or around 31. 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 Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Big Lake market.
Median List Price $285,000
Per Square Foot $160
Days on Market 202
Price Decreased 13%
Price Increased 10%
Relisted 6%
Inventory 31
Median Rent
Most Expensive $749,000
Least Expensive $37,900
Market Action 27
Slight Buyer's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$420,000 3,000 1 - 2.5 acres 3 2 22 0 1 196
$321,500 2,247 0.5 - 1 acre 3 2 42 1 1 168
$233,250 1,428 0.5 - 1 acre 3 2 14 2 2 178
$111,950 602 1 - 2.5 acres 2 1 20 0 1 264