Fairbanks, AK Home Values & Market Trends

Real estate market trends reflect that there have been 775 transactions over the past year in Fairbanks. The median value for residential home transactions that occurred over the previous year is $301,636.02. The number of current listings in Fairbanks is 155, and the percentage of properties for sale in the city is 155.00%. Fairbanks, AK currently has 14 properties in foreclosure, 4 bank owned properties, 10 properties headed for auction, and 155 properties for sale.

Fairbanks, AK Real Estate Market Overview

ZipMedian Est. Value
99709

$ 327,046

$ 167/sqft

99701

$ 267,200

$ 160/sqft

99712

$ 377,653

$ 182/sqft

99706

$ --

$ --

99790

$ --

$ --

Housing Market Summary for Fairbanks, AK

Oct 2022September 2023Change
Median Listing Price$299.9K$310.8K3.63%
Median Sold Price$315.3K$310.8K-1.43%
Homes For Sale2102152.38%
Homes Sold643487-24.26%
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Recently Sold Homes

Explore recent offers and recently sold homes in Fairbanks, AK

Browse Homes in Fairbanks, AK

Fairbanks home values range from $20,420 to $1,872,015. The median estimated value of a home in Fairbanks is $301,636.02. The median list price of a home is 314,900, and the total count of properties in the city is 18,920.

Foreclosure
There are 5 zips within Fairbanks, AK; within these zips, the median estimated home value for homes in foreclosure ranges from $456,356 in 99712 to the lowest value of $129,900 in 99712. Foreclosure homes account for 0.00% of properties in Fairbanks, AK with 99712 containing 6 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Fairbanks, AK with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 5 zips within Fairbanks, AK; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Fairbanks, AK ranges from the highest value of $327,257 in 99712 to the lowest value of $129,900 in 99712. Bank owned homes and properties account for 0.02% of properties in Fairbanks, AK. There are 5 zips within Fairbanks, AK; 99712 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    99709 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Fairbanks, AK. Auction homes and other auction properties account for 0.05% of all properties in Fairbanks, AK. There are 5 zips within Fairbanks, AK; of those zips, the median estimated home value for homes going to auction ranges from $465,495 in 99701 to the lowest value of $142,473 in 99701.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.82% of residential properties in Fairbanks, AK with 99709 containing 68 homes for sale, the highest number of listed properties in a single zip. There are 5 zips within Fairbanks, AK; homes for sale in those zips, have a range of median values from $900,000 in 99701 to the lowest value of $27,625 in 99709.
    Sold Homes
    The median value for recently sold homes ranges from $849,475 in 99712 to the lowest price of $39,586 in 99712. There are 5 zips within Fairbanks, AK. 99709 has 251 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.79% of properties in Fairbanks, AK.

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      Guide for Fairbanks, AK

      Home Buying Financing
      What is an REO Property and How to Buy It
      Home Buying Guides
      The Difference Between A Short Sale And A Foreclosure
      Home Buying Guides
      What Happens When A Property Goes Into Foreclosure?
      Home Buying Guides
      Avoiding Scams in Pre-Foreclosure Deals
      See More Articles
      What is an REO Property and How to Buy It
      Home Buying Financing|posted 27 September 2023

      Have you been interested in REO, or real estate owned, properties? RealtyTrac helps you understand what they are and how can you buy one.

      The Difference Between A Short Sale And A Foreclosure
      Home Buying Guides|posted 26 September 2023

      You know what a foreclosure is. You are familiar with short sales. But what are the true differences between them?

      What Happens When A Property Goes Into Foreclosure?
      Home Buying Guides|posted 24 September 2023

      Want to learn about the foreclosure process? Our article explains it all.

      Avoiding Scams in Pre-Foreclosure Deals
      Home Buying Guides|posted 30 August 2023

      How do you avoid scams when you are in pre-foreclosure? We’ve got the info here.

      Recently Listed Homes Fairbanks, AK

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