My Favorite Real Estate Market Update
Willow, AK
Single-Family Homes
Office 907-746-HOME | https://www.MyFavoriteRealty.com
Willow, AK
Thu Apr 25 2024
This week the median list price for Willow, AK is $285,000 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has held steady at or around 31.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Home sales have begun exceeding new inventory. While still a Buyer’s market, prices seem to have already started to respond. If the trend continues, expect prices to keep marching upward.
Real-Time Market Profile
| Median List Price | $285,000 | |
| Median Price of New Listings | $95,000 | |
| Per Square Foot | $270 | |
| Average Days on Market | 123 | |
| Median Days on Market | 63 | |
| Price Decreased | 23% | |
| Price Increased | 3% | |
| Relisted | 71% | |
| Inventory | 31 | |
| Median Rent | ||
| Market Action | 27 | |
| Slight Buyer's Advantage | ||
This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $749,900 | 2,897 | 1 - 2.5 acres | 3 | 1 | 20 | 0 | 0 | 21 |
| $430,000 | 1,739 | 10 - 20 acres | 3 | 1 | 16 | 0 | 0 | 63 |
| $274,500 | 738 | 2.5 - 5 acres | 2 | 1 | 16 | 1 | 1 | 143 |
| $90,000 | 576 | 1 - 2.5 acres | 1 | 1 | 27 | 2 | 1 | 84 |