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. 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.

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.

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. 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.

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

Never miss important changes in the North Pole market.
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