Alaska Real Estate Market May 2022: Forecasts + Trends

Alaska real estate trends (May 2022)

How is the real estate market in Alaska?
🏠 Average home value: $344,374	📈 0.54% home value increase month over month
💰 Median sale price: $369,000	⏳ 51 days on the market
🔑 Homes on the market: 915	📆 13.1 months of housing inventory
🏦 30-year mortgage rate: 5.65000%	💵 Average income: 77790
State of the market: B-
Listing prices in Alaska continue to rise, with the market showing more signs of activity. While that may be the case, the large housing inventory shows that the market isn’t as hot as it seems.
_{Data last updated May 2022}*

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 1.5% or $3K in listing fees. Eligible buyers get 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 42 days slower than the annual average	💰 Homes are selling for $14,902 more than the annual average
💸 Average listing commission: 2.54%	💸 Average buyer's commission: 2.45%

How to sell a home in Alaska

Cost to sell a home in Alaska

The Ultimate Guide to Alaska Real Estate Taxes

Buying a home in Alaska

How much home you can buy with $300,000 in...
🏠 Anchorage: 1,210 sq ft	🏡 Juneau: 1,003 sq ft
🏡 Fairbanks: 1,796 sq ft	🏠 Ketchikan: 1,176 sq ft

Investing in Alaska real estate

Best of Alaska

Each month, we compare locations in Alaska based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.

Happiest Counties in Alaska
1. Aleutians West Census Area
2. Juneau City and Borough
3. Sitka City and Borough
4. Anchorage Municipality
5. Aleutians East Borough

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

Worst of Alaska

Each month, we compare locations in Alaska based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.

Least Happy Counties in Alaska
1. Bethel Census Area
2. Yukon-Koyukuk Census Area
3. Northwest Arctic Borough
4. Nome Census Area
5. Dillingham Census Area

Alaska resources

Frequently asked questions about Alaska real estate

Currently, it’s a buyer’s market in Alaska. Real estate prices aren’t excessively high, and there are plenty of properties for sale — which leaves a lot of room for negotiating a good price. While that may be the general trend, each town and city is different, so it's best to talk to a local real estate agent to make the best decision when considering buying a home in Alaska.

Alaska is a good state to invest in, particularly in cities with a higher population like Anchorage and Juneau. However, making the most out of your investment requires more in-depth knowledge of the market, like which neighborhoods to buy in and what kind of properties to purchase. Learn more in this guide to real estate investing.

Yes, it is a good time to buy in Alaska. Although real estate prices are slightly above average, the market is full of properties to choose from, giving you a lot of wiggle room to find the perfect house. To have the easiest time, however, work with a local real estate agent to find a good deal on a property that will meet all your needs.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, 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.

Alaska Real Estate Market in 2023: Forecasts + Trends