Tait Zimmerman's Market Report

Chugiak, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Chugiak, AK

Mon Jun 05 2023
This week the median list price for Chugiak, AK is $549,900 with the market action index hovering around 47. This is less than last month's market action index of 56. Inventory has increased to 19. 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

The market has started cooling and prices have been flat for several weeks. Since 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.

Chugiak, AK

Mon Jun 05 2023
This week the median list price for Chugiak, AK is $549,900 with the market action index hovering around 47. This is less than last month's market action index of 56. Inventory has increased to 19. 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

The market has started cooling and prices have been flat for several weeks. Since 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 Chugiak market.
Median List Price $549,900
Median Price of New Listings $509,900
Per Square Foot $269
Average Days on Market 69
Median Days on Market 28
Price Decreased 26%
Price Increased 0%
Relisted 11%
Inventory 19
Median Rent
Market Action 47
Strong Seller's Market

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
$732,450 3,010 1 - 2.5 acres 3 3 9 1 0 70
$645,000 2,092 1 - 2.5 acres 3 2.5 0 0 0 119
$509,900 1,708 1 - 2.5 acres 3 2.5 0 2 0 7
$399,000 2,302 0.5 - 1 acre 3 2 47 0 0 28