Housing Prices in University Area, AK
How much do homes in University Area, AK cost?
Median List Price
$375,000
$213/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in University Area has increased by 3.5% since last year.
Summary: The median home list price in University Area was $375,000 in March 2024, up 3.5% from the previous year, and the median price per square foot was $213.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $159.9K | +10.3% |
| 2 Bedrooms | $214.9K | $230K | +7.0% |
| 3 Bedrooms | $349K | $388.5K | +11.3% |
| 4 Bedrooms | $397K | $409K | +3.0% |
| 5+ Bedrooms | $499.4K | $584.9K | +17.1% |
Summary: University Area housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 17.1%.
Median List Price Compared To Nearby Neighborhoods
| Russian Jack Park | $163.5K | $199.9K | +22.2% |
| Airport Heights | $295K | $327K | +10.8% |
| Scenic Foothills | $305K | $329.9K | +8.2% |
| University Area | $362.2K | $375K | +3.5% |
| Rogers Park | $416.5K | $429K | +3.0% |
Housing Supply in University Area, AK
How many homes are available in University Area, AK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 25 | +4.2% |
Summary: The University Area real estate market had 25 homes for sale in March 2024, a 4.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 7 | 3 | -57.1% |
Summary: The University Area housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 57.1%.
Days on Market for University Area, AK
How long does it take to sell a home in University Area, AK?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 101 Days | 36 Days | -63.6% |
Summary: Homes in University Area had an average listing age of 36 days in Mar 2024, down by 63.6% compared to the previous year.
