Updated February 17, 2020
- In 2020, the average time it takes to sell a home in Alaska — from listing through closing — is approximately 93 days. That’s 58 days to get an offer, plus the typical 35-day closing period.
- Key factors that impact Alaska home sale timelines include local market conditions (e.g., buyer demand, job market, rising home values, etc.), time of year, and your property’s type and condition.
- Your agent’s listing strategy (pricing, marketing, networking, etc.) and the buyer’s financing situation — i.e., the amount of time it takes for them to secure loan approval — will also influence how long your sale ultimately takes.
Read on to learn more about how long it takes to sell a house in Alaska — and get some pro tips on how to speed up your sale, get better offers, and save thousands in the process.
What’s the average time to sell a house in Alaska?
|Average Time to Sell*||Average Price**|
*Zillow Data Center (average of days on Zillow in 2019)
**Zillow Data Center (average of median price in 2019)
The average time it takes to sell a house in Alaska in 2020 is 93 days — 58 days to get an offer and an additional 35 days to close. This is approximately 20.78% slower than the national average. Keep in mind that these are annual averages and the numbers will vary by month and/or season.
Best time to sell a house in Alaska
In addition to the average days on market and list price data, we’ve compiled data on the BEST (and worst) time to sell your Alaska house based on what’s most important to you:
- Fastest Time to Sell: When should you list your home if you’re looking to sell quickly?
- Highest Sale Price: What month should you list in to get the best possible price for your home?
Best month to sell a house fast in Alaska
|Month*||Days on Market*|
|Best Month||June||70 days|
|Worst Month||January||134 days|
*Zillow Data Center (average days on Zillow by month in 2019)
The best month to sell a house fast in Alaska is June. The median time it takes for Alaska homes listed in June to sell is 70 days, which is 23 days faster than the annual average.
Best month to sell a house in Alaska for price
*Zillow Data Center (median sale price by month in 2019 in Fairbanks, AK)
The best month to sell a house in Alaska in terms of sale price is October. The median sale price in October is $286,000, which is 7.82% — or $20,745 — more than the annual average.
5 tips to get your Alaska home sold
1. Make sure your home is ready for the cold winter months
Although there are fewer buyers active in Alaska during the winter months, it is crucial that your home is suited for the cold weather. Buyers will be fully aware of how cold it can get, and thus, will be looking for properties that are properly insulated.
On top of insulated pipes, you should also ensure that the heating system in your home is fully functional. It might be worth making these improvements during the winter so that your property is ready to hit the market in the spring.
2. Ensure your home is ready to move in to
With such few buyers active in the market, it is crucial that your home is ready to move into as it is. Locals will be fully aware that the availability of tradesmen such as plumbers and electricians will be low during the cold winter months.
You should therefore ensure that your home does not require its new owner to perform repair work. This could give you the edge against other sellers active in the market.
3. Make meaningful improvements to your home
You'd be surprised how much value can be added to your home when you make meaningful repairs and renovations. Not only will it make your property more attractive to potential buyers, but it can also get you a higher sale price. This could be anything from replacing the tiles in your bathroom or fitting a new kitchen sink.
4. Generate a Comparative Market Analysis
By generating a comparative market analysis (CMA), you can increase your chances of setting an optimal listing price. A CMA looks at how much properties of a similar size have sold for in the same area. By setting the right listing price, your property is likely to attract a higher number of potential buyers.
5. Find a great real estate agent
By finding a great real estate agent based in Alaska, you’ll stand the best chance possible of maximizing the equity you walk away with. A reputable seller’s agent that has extensive knowledge of the Alaska housing market will ensure that you time the market well. They’ll also be able to ensure that you list your home at the right price.
Clever can connect you with a top-notch agent that knows the Alaska real estate arena well. In 2019, Clever Partner Agents were able to obtain offers in an average of just 12 days, illustrating a total sale timeline of between 42-52 days. This is significantly quicker in comparison to the Alaska average of 95.5 days.
All Clever Partner Agents based in Alaska have agreed to a flat listing fee of just $3,000 on homes over $150,000. If your property sells for over $350,000, then you’ll simply pay 1%. Although you will still need to cover the buyer’s agent fees (which is industry standard in the U.S.), you’ll still make considerable savings.
Next steps for Alaska home sellers
If you’re looking to sell your home fast in Alaska and get a great price, Clever can help.
Clever negotiates reduced rates with top-rated real estate agents throughout Alaska. Get full service and support for a flat $3,000 listing fee — or just 1% if your home sells for more than $350,000. You’ll still have to offer a buyer’s agent commission, per the standard rate in your area (typically 2.5-3%), but overall, you’ll still save up to 50% on standard commission fees.
Importantly, home sellers who list with Clever get their first qualified offer in an average of 13 days* — that’s 45 days faster than the average time to offer in Alaska.
*Average time to offer for Clever home sellers in 2019.