Alaska Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

July 16th, 2021
Updated July 16th, 2021

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alaska real estate trends

Real estate trends in Alaska | Sellers | Buyers | Investors | The best and worst of Alaska | Alaska resources

Alaska real estate trends (July 2021)

How is the real estate market in Alaska?
🏠 Average home value: $313,969
📈 0.46% home value increase month over month
💰 Median sale price: $327,000
⏳ 68 days on the market
🔑 Homes on the market: 1,466
📆 11.7 months of housing inventory
🏦 30-year mortgage rate: 3.00%
💵 Average income: $77,640
State of the market: B-
Alaska home prices are higher than the national average, and appreciating steadily, so buyers are snatching up good properties quickly. However, with a huge amount of housing inventory, Alaska’s market isn't as hot as it seems.
*Data last updated July 2021

Alaska's name comes from an Aleut word that translates to "great land" — a fitting name for its stunning landscape.

From the state capital in Juneau to the northern coastline, Alaska's residents experience everything from temperate rainforests to stunning snow capped peaks. The biggest state in the union, Alaska spans more than 586,000 square miles (though nearly 85% are affected by Arctic permafrost).

Though it has a reputation for freezing temperatures, Alaska actually offers sunny summer months with long hours of daylight.

If you're thinking of buying or selling in Alaska, these Alaska housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!

Selling a home in Alaska

Alaska real estate market forecast for sellers
⏰ Homes are selling 37 days faster than the annual average
💰 Homes are selling for $21,658 more than the annual average
💸 Average listing commission: 2.63%
💸 Average buyer's commission: 2.63%

How to sell a home in Alaska

Cost to sell a home in Alaska

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Buying a home in Alaska

How much home you can buy with $300,000 in...
🏠 Anchorage: 1,503 sq ft
🏡 Juneau: 1,156 sq ft
🏡 Fairbanks: 1,870 sq ft
🏠 Ketchikan: 1,470 sq ft

Investing in Alaska real estate

Best of Alaska

Each month, we compare cities in Alaska based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Alaska
1. Fairbanks
2. Anchorage
3. Juneau

Ready to buy a home in Alaska? Eligible buyers get cash back with Clever!

Worst of Alaska

Each month, we compare cities in Alaska based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Alaska
1. Sitka
2. Homer
3. Ketchikan

Alaska resources

👋 Next Steps: Talk to an expert!

If you're weighing your options for buying or selling a house, Clever can help!

Our fully-licensed concierge team is standing by to answer questions and provide free, objective advice on getting the best outcome with your sale or purchase.

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Give us a call at 1-833-2-CLEVER or enter your info below. Our concierge team will be in touch shortly to help.

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Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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