Tait Zimmerman's Market Report

Anchorage, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Anchorage, AK

Mon Jun 24 2024
This week the median list price for Anchorage, AK is $522,500 with the market action index hovering around 55. This is less than last month's market action index of 56. Inventory has increased to 200. Click here to stay informed with the Anchorage market!

Market Action Index

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

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Anchorage, AK

Mon Jun 24 2024
This week the median list price for Anchorage, AK is $522,500 with the market action index hovering around 55. This is less than last month's market action index of 56. Inventory has increased to 200. Click here to stay informed with the Anchorage market!

Market Action Index

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

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Anchorage market.
Median List Price $522,500
Median Price of New Listings $466,950
Per Square Foot $242
Average Days on Market 50
Median Days on Market 21
Price Decreased 30%
Price Increased 1%
Relisted 12%
Inventory 200
Median Rent
Market Action 55
Strong Seller's Market

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. 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
$1,147,500 3,684 1 - 2.5 acres 4 3.5 20 9 3 56
$585,000 2,483 0.25 - 0.5 acre 4 2.5 43 13 8 14
$449,450 1,990 6,500 - 8,000 sqft 3 2 46 16 9 14
$329,250 1,508 6,500 - 8,000 sqft 3 2 56 16 10 14