My Favorite Real Estate Market Update
North Pole, AK
Single-Family Homes
Office 907-746-HOME | https://www.MyFavoriteRealtyAK.com
North Pole, AK
Tue May 26 2020
This week the median list price for North Pole, AK is $295,000 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has held steady at or around 42.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $295,000 | |
| Per Square Foot | $164 | |
| Days on Market | 88 | |
| Price Decreased | 26% | |
| Price Increased | 2% | |
| Relisted | 10% | |
| Inventory | 42 | |
| Median Rent | ||
| Most Expensive | $461,000 | |
| Least Expensive | $25,000 | |
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $383,250 | 2,327 | 1 - 2.5 acres | 4 | 3 | 0 | 0 | 0 | 97 |
| $318,250 | 1,766 | 0.5 - 1 acre | 3 | 2 | 0 | 2 | 0 | 86 |
| $249,900 | 1,410 | 1 - 2.5 acres | 3 | 2 | 19 | 0 | 4 | 65 |
| $88,741 | 1,200 | 1 - 2.5 acres | 3 | 1 | 35 | 0 | 0 | 101 |