The Alaska Real Estate Market: 2024 Trends

I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Alaska

💡 Key Alaska housing market facts

Data PointValueRankCompared to National Avg
Typical Home Value $357,214[1]#23 of 50 states2.5% lower
Median Listing Price $399,900[2]#24 of 50 states8.6% lower
Median Sale Price $388,000[3]#23 of 50 states4.9% lower
30 Year Mortgage Rate 7.06%[4]#46 of 50 states1.2% higher
Median Days on Market 60[5]#42 of 50 states20.2% longer
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🗺️ Buying a house in the Alaska real estate market

Alaska has an affordability score of 5, meaning it takes 5 years of the median household income ($77,790) to afford Alaska's median home sale price ($388,000). Because of this, we rank Alaska as the 15th most affordable state for buyers based strictly on prices compared to income.

Data PointValueRankCompared to National Avg
Median Sale Price $388,000[6]#23 of 50 states4.9% lower
30 Year Mortgage Rate 7.06%[7]#46 of 50 states1.2% higher
Median Household Income $77,790[8]#8 of 50 states20.6% higher
Affordability Ratio 5.0#15 of 50 states20.2% lower
Buyers Agent Commission 3.00%[9]#47 of 50 states12.2% higher
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Resources for Alaska home buyers

🗺️ Selling a house in the Alaska real estate market

According to our detailed survey of Alaska real estate agents, listing agents (those representing the seller) charge an average commission in Alaska of 3%, which is the 14th highest in the United States. Buyers' agents charge an average commission of 3%, which is the 4th highest in the United States.

Data PointValueRankCompared to National Avg
Median Listing Price $399,900[10]#24 of 50 states8.6% lower
Median Sale Price $388,000[11]#23 of 50 states4.9% lower
Median Days on Market 60[12]#42 of 50 states20.2% longer
Buyer's Agent Commission 3.00%[13]#47 of 50 states12.2% higher
Listing Agent Commission 3.00%[14]#37 of 50 states5% higher
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Resources for Alaska home sellers

Moving to Alaska

According to our recent moving trends survey[15], Alaska is the 10th most desirable state to move to, with 13% of Americans indicating that they would choose to move there if money were no object.

Here's how Alaska cities rank in a number of our research studies.

StudyBest Alaska cityRank
Best Pizza Cities[16]No ranking Alaska citiesNo ranking Alaska cities
Best Coffee Cities[17]No ranking Alaska citiesNo ranking Alaska cities
Best LGBTQ Cities[18]No ranking Alaska citiesNo ranking Alaska cities
Best Bike Cities[19]No ranking Alaska citiesNo ranking Alaska cities
Best Commuter Cities[20]No ranking Alaska citiesNo ranking Alaska cities
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Article Sources

[1] Zillow – "Zillow Home Value Index". Updated April 30, 2024.
[2] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[3] Redfin – "Redfin Data Center". Updated March 2024.
[4] Bankrate – "Bankrate". Updated May 2024.
[5] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[6] Redfin – "Redfin Data Center". Updated March 2024.
[7] Bankrate – "Bankrate". Updated May 2024.
[8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
[9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[10] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[11] Redfin – "Redfin Data Center". Updated March 2024.
[12] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
[16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
[17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
[18] Clever Real Estate – "The Most (and Least) LGBTQ-Friendly Cities in America". Updated October 23, 2023.
[19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
[20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

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