$10,000 Closing Credit*
$950,000
4 Beds
•2 Full Baths
#24-14634, Listing Office: RE/MAX Dynamic Properties
Housing Prices in South Addition, AK
How much do homes in South Addition, AK cost?
Median List Price
$495,000
$273/sqft
Based on all homes listed in the last 12 months.
Difference Since November 2023
+$45,000(+10.0%)
Key Takeaway
The list price of homes in South Addition has increased by 10% since last year.
Summary: The median home list price in South Addition was $495,000 in November 2024, up 10% from the previous year, and the median price per square foot was $273.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186K | $188.9K | +1.6% |
| 2 Bedrooms | $385K | $412K | +7.0% |
| 3 Bedrooms | $588.9K | $495K | -16.0% |
| 4 Bedrooms | $475K | $575K | +21.1% |
| 5+ Bedrooms | $795K | $794.5K | -0.1% |
Summary: South Addition housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 7%, 3 bedroom homes decreased by 16%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 0.1%.
Median List Price Compared To Nearby Neighborhoods
| North Star | $234.5K | $399.9K | +70.6% |
| Turnagain | $359K | $429K | +19.5% |
| South Addition | $450K | $495K | +10.0% |
| Fairview | $272K | $284K | +4.4% |
| Downtown | $392.5K | $275K | -29.9% |
Housing Supply in South Addition, AK
How many homes are available in South Addition, AK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 20 | -31.0% |
Summary: The South Addition real estate market had 20 homes for sale in November 2024, a 31.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 10 | 6 | -40.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The South Addition housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 28.6%.
Days on Market for South Addition, AK
How long does it take to sell a home in South Addition, AK?
Average Listing Age
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 123 Days | 120 Days | -1.8% |
Summary: Homes in South Addition had an average listing age of 120 days in Nov 2024, down by 1.8% compared to the previous year.
