Tait Zimmerman's Market Report

Chugiak, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Chugiak, AK

Mon Feb 06 2023
This week the median list price for Chugiak, AK is $599,825 with the market action index hovering around 34. This is an increase over last month's market action index of 31. Inventory has held steady at or around 12. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Chugiak, AK

Mon Feb 06 2023
This week the median list price for Chugiak, AK is $599,825 with the market action index hovering around 34. This is an increase over last month's market action index of 31. Inventory has held steady at or around 12. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Chugiak market.
Median List Price $599,825
Median Price of New Listings $579,850
Per Square Foot $306
Average Days on Market 92
Median Days on Market 53
Price Decreased 8%
Price Increased 0%
Relisted 8%
Inventory 12
Median Rent
Market Action 34
Slight Seller's Advantage

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.

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
$749,900 1,860 1 - 2.5 acres 4 2.5 1 0 0 133
$639,900 2,092 1 - 2.5 acres 3 3 7 0 0 7
$559,950 1,492 1 - 2.5 acres 3 2 0 2 0 0
$380,000 1,778 0.5 - 1 acre 3 2 50 0 1 238