Top Small Teams in Alaska – Ranked By Volume

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2023 Alaska Housing Market Summary

Alaska started 2023 with a total of 749 single-family homes on the market, with a median home price of $430,000 and an average price per square foot of $261. By the end of the year, inventory had None 928 homes on the market (+23%), with a median home price of $409,450 (-4%) and an average price per square foot of $256 (-1%).

At the start of 2023, the median days on market (DOM) was 105 days – by the end of the year, median DOM had remained the same at 105 days.

Alaska started the year with 26% 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 26% of Alaska homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Alaska started 2023 as a strong seller’s market, with an MAI score of 54; by the end of the year, the MAI had dropped to 34 – a balanced buyer and seller’s market.

This market summary is powered by Altos Research – click here to run a free report for your area.

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