Tait Zimmerman's Market Report

Chugiak, AK

Single-Family Homes

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Chugiak, AK

Thu Mar 28 2024
This week the median list price for Chugiak, AK is $509,900 with the market action index hovering around 57. This is an increase over last month's market action index of 44. Inventory has increased to 9. 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.

Strong Seller's Market

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.

Chugiak, AK

Thu Mar 28 2024
This week the median list price for Chugiak, AK is $509,900 with the market action index hovering around 57. This is an increase over last month's market action index of 44. Inventory has increased to 9. 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.

Strong Seller's Market

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 Chugiak market.
Median List Price $509,900
Median Price of New Listings $564,000
Per Square Foot $275
Average Days on Market 75
Median Days on Market 7
Price Decreased 11%
Price Increased 11%
Relisted 33%
Inventory 9
Median Rent
Market Action 57
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$774,450 3,971 0.5 - 1 acre 4 3.5 22 1 0 136
$606,975 1,733 1 - 2.5 acres 3 2 0 2 0 105
$477,450 1,629 0.5 - 1 acre 3 2 14 1 0 3
$349,900 1,650 0.5 - 1 acre 3 2 42 1 1 21