$55,000
1.00 Acres
Land
#24-14999, Listing Office: Walden Home Group
Housing Prices in Fairbanks, AK
How much do homes in Fairbanks, AK cost?
Median List Price
$319,900
$147/sqft
Based on all homes listed in the last 12 months.
Difference Since November 2023
+$20,000(+6.7%)
Key Takeaway
The list price of homes in Fairbanks has increased by 6.7% since last year.
Summary: The median home list price in Fairbanks was $319,900 in November 2024, up 6.7% from the previous year, and the median price per square foot was $147.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $169.4K | $162.4K | -4.1% |
| 2 Bedrooms | $200K | $187.4K | -6.3% |
| 3 Bedrooms | $309.9K | $325K | +4.9% |
| 4 Bedrooms | $429.9K | $449.9K | +4.7% |
| 5+ Bedrooms | $364.9K | $402.9K | +10.4% |
Summary: Fairbanks housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 10.4%.
Median List Price Compared To Nearby Cities
| Fairbanks | $299.9K | $319.9K | +6.7% |
| Fairbanks North Star | $319.9K | $334.9K | +4.7% |
Housing Supply in Fairbanks, AK
How many homes are available in Fairbanks, AK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 27 | -30.8% |
Summary: The Fairbanks real estate market had 27 homes for sale in November 2024, a 30.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 14 | 8 | -42.9% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Fairbanks housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Days on Market for Fairbanks, AK
How long does it take to sell a home in Fairbanks, AK?
Average Listing Age
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 163 Days | 121 Days | -25.8% |
Summary: Homes in Fairbanks had an average listing age of 121 days in Nov 2024, down by 25.8% compared to the previous year.
