Tait Zimmerman's Market Report

Chugiak, AK

Single-Family Homes

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Chugiak, AK

Wed May 22 2024
This week the median list price for Chugiak, AK is $549,000 with the market action index hovering around 46. This is less than last month's market action index of 49. 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 recently plateaued. 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

Wed May 22 2024
This week the median list price for Chugiak, AK is $549,000 with the market action index hovering around 46. This is less than last month's market action index of 49. 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 recently plateaued. 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 $549,000
Median Price of New Listings $550,000
Per Square Foot $257
Average Days on Market 40
Median Days on Market 21
Price Decreased 32%
Price Increased 0%
Relisted 47%
Inventory 19
Median Rent
Market Action 46
Strong Seller's Market

The market seems to have paused around this plateau. 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
$674,950 2,115 1 - 2.5 acres 3 2.3 10 0 1 35
$555,000 2,451 1 - 2.5 acres 3 2 26 3 1 0
$539,000 1,998 1 - 2.5 acres 3 2.5 42 2 0 14
$430,000 1,734 0.5 - 1 acre 3 2 24 0 1 56