Housing Prices in South Addition, AK
How much do homes in South Addition, AK cost?
Median List Price
$551,500
$301/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in South Addition has increased by 25.5% since last year.
Summary: The median home list price in South Addition was $551,500 in March 2024, up 25.5% from the previous year, and the median price per square foot was $301.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $188K | $191.5K | +1.9% |
| 2 Bedrooms | $362K | $425K | +17.4% |
| 3 Bedrooms | $449K | $639K | +42.3% |
| 4 Bedrooms | $507.5K | $705K | +38.9% |
| 5+ Bedrooms | $767K | $832.4K | +8.5% |
Summary: South Addition housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 42.3%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes increased by 8.5%.
Median List Price Compared To Nearby Neighborhoods
| Downtown | $172.2K | $275K | +59.7% |
| Fairview | $199.9K | $295K | +47.6% |
| North Star | $247.7K | $320K | +29.2% |
| South Addition | $439.5K | $551.5K | +25.5% |
| Turnagain | $369.9K | $356.9K | -3.5% |
Housing Supply in South Addition, AK
How many homes are available in South Addition, AK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 28 | +47.4% |
Summary: The South Addition real estate market had 28 homes for sale in March 2024, a 47.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The South Addition housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Days on Market for South Addition, AK
How long does it take to sell a home in South Addition, AK?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 122 Days | 66 Days | -45.7% |
Summary: Homes in South Addition had an average listing age of 66 days in Mar 2024, down by 45.7% compared to the previous year.
