My Favorite Real Estate Market Update

Fairbanks, AK

Single-Family Homes

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Fairbanks, AK

Tue May 26 2020
This week the median list price for Fairbanks, AK is $264,900 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 51. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Fairbanks, AK

Tue May 26 2020
This week the median list price for Fairbanks, AK is $264,900 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has held steady at or around 51. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Fairbanks market.
Median List Price $264,900
Per Square Foot $153
Days on Market 90
Price Decreased 27%
Price Increased 0%
Relisted 2%
Inventory 51
Median Rent
Most Expensive $699,900
Least Expensive $35,000
Market Action 33
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
$445,217 2,690 1 - 2.5 acres 3 3 6 1 2 85
$333,000 1,800 1 - 2.5 acres 3 2 14 1 1 89
$225,000 1,750 0.25 - 0.5 acre 3 2 43 4 4 44
$124,900 960 1 - 2.5 acres 2 1 35 0 2 140