Housing Prices in Fairbanks, AK
How much do homes in Fairbanks, AK cost?
Median List Price
$314,450
$134/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Key Takeaway
The list price of homes in Fairbanks has increased by 7% since last year.
Summary: The median home list price in Fairbanks was $314,450 in April 2024, up 7% from the previous year, and the median price per square foot was $134.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119.7K | $143.5K | +19.9% |
| 2 Bedrooms | $174.9K | $202.4K | +15.8% |
| 3 Bedrooms | $299.9K | $319.9K | +6.7% |
| 4 Bedrooms | $329.9K | $435K | +31.9% |
| 5+ Bedrooms | $389.5K | $395.9K | +1.6% |
Summary: Fairbanks housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.9%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 31.9%, and 5+ bedroom homes increased by 1.6%.
Median List Price Compared To Nearby Cities
| Fairbanks | $294K | $314.4K | +7.0% |
| Fairbanks North Star | $319.6K | $324.9K | +1.6% |
Housing Supply in Fairbanks, AK
How many homes are available in Fairbanks, AK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 46 | -20.7% |
Summary: The Fairbanks real estate market had 46 homes for sale in April 2024, a 20.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 7 | -30.0% |
| 2 Bedrooms | 15 | 9 | -40.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Fairbanks housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 9.1%.
Days on Market for Fairbanks, AK
How long does it take to sell a home in Fairbanks, AK?
Average Listing Age
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 145 Days | 146 Days | +0.8% |
Summary: Homes in Fairbanks had an average listing age of 146 days in Apr 2024, up by 0.8% compared to the previous year.
