Tait Zimmerman's Market Report

Chugiak, AK

Single-Family Homes

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Chugiak, AK

Thu May 01 2025
This week the median list price for Chugiak, AK is $395,000 with the market action index hovering around 45. This is an increase over last month's market action index of 43. Inventory has increased to 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.

Strong Seller's Market

Market Narrative

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Chugiak, AK

Thu May 01 2025
This week the median list price for Chugiak, AK is $395,000 with the market action index hovering around 45. This is an increase over last month's market action index of 43. Inventory has increased to 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.

Strong Seller's Market

Market Narrative

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Chugiak market.
Median List Price $395,000
Median Price of New Listings $225,000
Per Square Foot $250
Average Days on Market 121
Median Days on Market 77
Price Decreased 8%
Price Increased 0%
Relisted 8%
Inventory 12
Median Rent
Market Action 45
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$716,000 2,720 1 - 2.5 acres 3 2.5 44 0 0 189
$635,000 1,800 1 - 2.5 acres 3 2.5 1 0 0 105
$235,000 720 0.5 - 1 acre 1 1 66 2 2 0
$149,900 2,011 0.5 - 1 acre 3 2 25 1 0 210