Alaska started 2024 with a total of 883 single-family homes on the market, with a median home price of $415,000 and an average price per square foot of $259.36. By the end of the year, inventory had increased to 1,079 homes on the market (+22%), with a median home price of $430,000 (+4%), and an average price per square foot of $262 (+1%).
At the start of 2024, the median days on market (DOM) was 105 days – by the end of the year, median DOM had decreased to 105 days.
Alaska started the year with 24.92% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 29.47% of homes for sale had taken a price cut.
