🏠 Alaska Real Estate Sales Market Overview
Alaska’s real estate market in 2025 reflects a dynamic landscape characterized by moderate price growth, increased sales activity, and a competitive environment for buyers. Here’s a detailed breakdown:
📊 Home Prices and Sales Activity
-
Median Sale Price: As of April 2025, the median home sale price in Alaska was $384,700, marking a 3.5% year-over-year increase.
-
Sales Volume: In April 2025, 592 homes were sold, a 17.7% increase compared to April 2024.
-
Regional Variations:
-
Knik-Fairview: Experienced a 6.4% increase in median sale prices.
-
Anchorage: Saw a 3.1% decrease in median sale prices.
-
🏘️ Inventory and Market Supply
-
Active Listings: There were 2,182 homes for sale in April 2025, up 6.7% year-over-year.
-
New Listings: The number of newly listed homes was 948, a slight 0.11% decrease from the previous year.
-
Months of Supply: The market had a 2-month supply, indicating a seller’s market.
⏱️ Market Dynamics
-
Median Days on Market: Homes spent a median of 26 days on the market in April 2025, up from 16 days the previous year.
-
Homes Sold Above List Price: Approximately 28% of homes sold above their list price, a 2.2 percentage point increase year-over-year.
-
Sale-to-List Price Ratio: The average sale-to-list price ratio was 99%, a slight 0.25 percentage point decrease from the previous year.
🌆 Regional Highlights
-
Anchorage: In April 2025, 261 homes were sold. Notably, 77% of these homes sold within 30 days, indicating a brisk market in the state’s largest city.
-
Kenai: March 2025 saw the average days on market rise to 113 days, a significant increase from 45 days in March 2024. Additionally, while the average list price increased by 48.3% year-over-year, the median sale price decreased by 17.1%, suggesting a growing gap between seller expectations and buyer willingness.
🔮 Market Outlook
The Alaska housing market in 2025 is characterized by moderate price appreciation and increased sales activity. While inventory levels have risen slightly, the market remains competitive, especially in urban centers like Anchorage. Buyers should be prepared for swift decision-making, while sellers can benefit from the favorable conditions.