Tait Zimmerman's Market Report

Anchorage, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Anchorage, AK

Sun Jul 14 2024
This week the median list price for Anchorage, AK is $499,900 with the market action index hovering around 51. This is less than last month's market action index of 54. Inventory has increased to 226. 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 consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Anchorage, AK

Sun Jul 14 2024
This week the median list price for Anchorage, AK is $499,900 with the market action index hovering around 51. This is less than last month's market action index of 54. Inventory has increased to 226. 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 consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Anchorage market.
Median List Price $499,900
Median Price of New Listings $420,000
Per Square Foot $237
Average Days on Market 49
Median Days on Market 21
Price Decreased 42%
Price Increased 2%
Relisted 11%
Inventory 226
Median Rent
Market Action 51
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
$1,097,500 3,840 1 - 2.5 acres 4 3.5 17 6 5 42
$592,000 2,421 8,000 - 10,000 sqft 4 2.5 43 10 7 24
$429,900 1,976 6,500 - 8,000 sqft 3 2 49 10 8 21
$295,000 1,248 6,500 - 8,000 sqft 3 1.8 54 13 9 14