My Favorite Real Estate Market Update
North Pole, AK
Single-Family Homes
Office 907-746-HOME | https://www.MyFavoriteRealtyAK.com
North Pole, AK
Thu Sep 24 2020
This week the median list price for North Pole, AK is $224,900 with the market action index hovering around 40. This is an increase over last month's market action index of 36. Inventory has held steady at or around 58.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $224,900 | |
| Per Square Foot | $134 | |
| Days on Market | 36 | |
| Price Decreased | 14% | |
| Price Increased | 0% | |
| Relisted | 17% | |
| Inventory | 58 | |
| Median Rent | ||
| Most Expensive | $557,500 | |
| Least Expensive | $25,000 | |
| Market Action | 40 | |
| Slight Seller's Advantage | ||
The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.
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 |
|---|---|---|---|---|---|---|---|---|
| $382,450 | 2,389 | 1 - 2.5 acres | 4 | 3 | 34 | 10 | 6 | 48 |
| $262,500 | 2,056 | 1 - 2.5 acres | 3 | 2 | 37 | 11 | 6 | 9 |
| $200,000 | 1,476 | 1 - 2.5 acres | 3 | 2 | 43 | 14 | 5 | 14 |
| $75,000 | 849 | 1 - 2.5 acres | 2 | 1 | 36 | 12 | 4 | 70 |