My Favorite Real Estate Market Update

Fairbanks, AK

Single-Family Homes

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Fairbanks, AK

Thu Sep 24 2020
This week the median list price for Fairbanks, AK is $217,400 with the market action index hovering around 42. This is an increase over last month's market action index of 38. Inventory has held steady at or around 40. Click here to stay informed with the Fairbanks market!

Market Action Index

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

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Fairbanks, AK

Thu Sep 24 2020
This week the median list price for Fairbanks, AK is $217,400 with the market action index hovering around 42. This is an increase over last month's market action index of 38. Inventory has held steady at or around 40. Click here to stay informed with the Fairbanks market!

Market Action Index

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

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Fairbanks market.
Median List Price $217,400
Per Square Foot $119
Days on Market 74
Price Decreased 43%
Price Increased 0%
Relisted 8%
Inventory 40
Median Rent
Most Expensive $899,900
Least Expensive $25,000
Market Action 42
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$361,700 2,961 1 - 2.5 acres 4 3 36 1 1 75
$247,400 2,268 8,000 - 10,000 sqft 4 2 50 1 1 57
$184,450 1,606 0.25 - 0.5 acre 3 1 45 2 1 63
$97,500 890 5 - 10 acres 2 1 23 0 0 101