My Favorite Real Estate Market Update

North Pole, AK

Single-Family Homes

Office 907-746-HOME | https://www.MyFavoriteRealtyAK.com


North Pole, AK

Sat Jun 12 2021
This week the median list price for North Pole, AK is $309,950 with the market action index hovering around 61. This is less than last month's market action index of 66. Inventory has increased to 48. Click here to stay informed with the North Pole market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

North Pole, AK

Sat Jun 12 2021
This week the median list price for North Pole, AK is $309,950 with the market action index hovering around 61. This is less than last month's market action index of 66. Inventory has increased to 48. Click here to stay informed with the North Pole market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the North Pole market.
Median List Price $309,950
Median Price of New Listings $349,900
Per Square Foot $159
Average Days on Market 41
Median Days on Market 28
Price Decreased 21%
Price Increased 4%
Relisted 17%
Inventory 48
Median Rent
Market Action 61
Strong Seller's Market

Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.

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
$439,450 2,718 0.5 - 1 acre 4 3 3 3 2 17
$349,900 1,978 1 - 2.5 acres 4 2 35 3 2 35
$249,950 1,818 1 - 2.5 acres 3 2 39 2 2 24
$92,500 969 1 - 2.5 acres 2 1 34 1 1 24