Tait Zimmerman's Market Report

Chugiak, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Chugiak, AK

Sat Sep 30 2023
This week the median list price for Chugiak, AK is $549,000 with the market action index hovering around 39. This is less than last month's market action index of 44. Inventory has decreased to 21. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Sat Sep 30 2023
This week the median list price for Chugiak, AK is $549,000 with the market action index hovering around 39. This is less than last month's market action index of 44. Inventory has decreased to 21. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $519,925
Per Square Foot $264
Average Days on Market 74
Median Days on Market 49
Price Decreased 48%
Price Increased 10%
Relisted 19%
Inventory 21
Median Rent
Market Action 39
Slight Seller's Advantage

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
$935,000 4,742 2.5 - 5 acres 5 3.5 19 0 0 91
$649,700 1,879 1 - 2.5 acres 3 2.5 0 1 1 119
$520,000 1,940 1 - 2.5 acres 3 2.5 17 0 2 28
$377,500 1,539 1 - 2.5 acres 3 2 34 1 2 28