Tait Zimmerman's Market Report

Chugiak, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Chugiak, AK

Fri Jun 21 2024
This week the median list price for Chugiak, AK is $544,000 with the market action index hovering around 34. This is less than last month's market action index of 42. Inventory has increased to 22. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Chugiak, AK

Fri Jun 21 2024
This week the median list price for Chugiak, AK is $544,000 with the market action index hovering around 34. This is less than last month's market action index of 42. Inventory has increased to 22. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Chugiak market.
Median List Price $544,000
Median Price of New Listings $406,950
Per Square Foot $223
Average Days on Market 50
Median Days on Market 32
Price Decreased 32%
Price Increased 0%
Relisted 32%
Inventory 22
Median Rent
Market Action 34
Slight Seller's Advantage

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$675,000 2,145 1 - 2.5 acres 3 2.5 19 0 0 42
$595,000 2,451 1 - 2.5 acres 3 2.5 39 0 0 28
$525,450 2,325 1 - 2.5 acres 3 2 42 0 0 45
$419,500 2,069 0.5 - 1 acre 3 1.9 39 2 0 7