My Favorite Real Estate Market Update

Chugiak, AK

Single-Family Homes

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Chugiak, AK

Sat Jun 12 2021
This week the median list price for Chugiak, AK is $535,000 with the market action index hovering around 43. This is less than last month's market action index of 54. Inventory has increased to 16. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Chugiak, AK

Sat Jun 12 2021
This week the median list price for Chugiak, AK is $535,000 with the market action index hovering around 43. This is less than last month's market action index of 54. Inventory has increased to 16. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Chugiak market.
Median List Price $535,000
Median Price of New Listings $519,500
Per Square Foot $210
Average Days on Market 76
Median Days on Market 21
Price Decreased 13%
Price Increased 0%
Relisted 0%
Inventory 16
Median Rent $2,500
Market Action 43
Slight Seller's Advantage

Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$709,450 3,384 2.5 - 5 acres 3 3 18 1 0 28
$554,950 2,973 1 - 2.5 acres 4 3 31 2 0 10
$474,475 1,824 1 - 2.5 acres 3 2 20 1 0 245
$339,500 1,513 1 - 2.5 acres 3 1 48 2 0 3