My Favorite Real Estate Market Update

Chugiak, AK

Single-Family Homes

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



Chugiak, AK

Thu Sep 24 2020
This week the median list price for Chugiak, AK is $449,950 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has held steady at or around 31. Click here to stay informed with the Chugiak market!

Market Action Index

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

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Chugiak, AK

Thu Sep 24 2020
This week the median list price for Chugiak, AK is $449,950 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has held steady at or around 31. Click here to stay informed with the Chugiak market!

Market Action Index

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

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Chugiak market.
Median List Price $449,950
Per Square Foot $202
Days on Market 127
Price Decreased 42%
Price Increased 3%
Relisted 3%
Inventory 31
Median Rent $2,200
Most Expensive $1,250,000
Least Expensive $74,900
Market Action 40
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$699,000 5,600 2.5 - 5 acres 4 2 18 1 1 179
$511,500 2,553 1 - 2.5 acres 3 2 18 3 1 52
$437,000 2,238 1 - 2.5 acres 3 2 10 1 2 176
$267,000 1,439 0.5 - 1 acre 3 2 39 1 2 107