Housing Prices in University Area, AK

How much do homes in University Area, AK cost?

Median List Price

$375,000

$220/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

-$2,000(-0.5%)

Key Takeaway

The list price of homes in University Area has decreased by 0.5% since last year.

Summary: The median home list price in University Area was $375,000 in October 2024, down 0.5% from the previous year, and the median price per square foot was $220.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $141.5K$169.9K
+20.1%
2 $230K$225K
-2.2%
3 $379.9K$405K
+6.6%
4 $400K$415K
+3.8%
5+ $605K$517.5K
-14.5%

Summary: University Area housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.1%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 14.5%.

Median List Price Compared To Nearby Neighborhoods

Russian Jack Park
+22.2%
Scenic Foothills
+12.1%
Rogers Park
+5.3%
University Area
-0.5%
Airport Heights
-7.7%

Housing Supply in University Area, AK

How many homes are available in University Area, AK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5044-12.0%

Summary: The University Area real estate market had 44 homes for sale in October 2024, a 12.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 1214
+16.7%
3 189
-50.0%
4 1211
-8.3%
5+ 89
+12.5%

Summary: The University Area housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 12.5%.

Days on Market for University Area, AK

How long does it take to sell a home in University Area, AK?

Average Listing Age

Oct 2023Oct 2024CHANGE
92 Days68 Days-26.4%

Summary: Homes in University Area had an average listing age of 68 days in Oct 2024, down by 26.4% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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Newest Listings in University Area, AK

Nearby Markets to University Area, AK

MLS Disclaimers and Copyright

Based on information from Alaska MLS for the period 11/01/2022 - 11/01/2024

IDXThe listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than this broker are marked with either the listing brokerage’s logo or the AK MLS logo and information about them includes the name of the listing brokerage.

All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. All square footages are approximations. School boundaries are subject to change. Information is not guaranteed and should be independently verified for accuracy.

Copyright 2024 Alaska Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/20/2024, 11:50:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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