$10,000 Closing Credit*
$949,900
5 Beds
•3 Full Baths
#25-223, Listing Office: Keller Williams Realty Alaska Group
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 December 2023
+$47,000(+10.5%)
Key Takeaway
The list price of homes in South Addition has increased by 10.5% since last year.
Summary: The median home list price in South Addition was $495,000 in December 2024, up 10.5% from the previous year, and the median price per square foot was $273.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186K | $195K | +4.8% |
| 2 Bedrooms | $410.4K | $399K | -2.8% |
| 3 Bedrooms | $588.9K | $495K | -16.0% |
| 4 Bedrooms | $675K | $655K | -3.0% |
| 5+ Bedrooms | $795K | $799K | 0.5% |
Summary: South Addition housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 0.5%.
Median List Price Compared To Nearby Neighborhoods
| North Star | $234.5K | $425K | +81.2% |
| Turnagain | $350K | $422.4K | +20.7% |
| South Addition | $448K | $495K | +10.5% |
| Fairview | $287K | $279K | -2.8% |
| Downtown | $390K | $249.9K | -35.9% |
Housing Supply in South Addition, AK
How many homes are available in South Addition, AK?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The South Addition real estate market had 18 homes for sale in December 2024, a 5.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The South Addition housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Days on Market for South Addition, AK
How long does it take to sell a home in South Addition, AK?
Average Listing Age
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 142 Days | 127 Days | -9.9% |
Summary: Homes in South Addition had an average listing age of 127 days in Dec 2024, down by 9.9% compared to the previous year.
