Fairbanks, AK Housing Market
The Fairbanks housing market is somewhat competitive. The median sale price of a home in Fairbanks was $265K last month, up 10.4% since last year. The median sale price per square foot in Fairbanks is $178, up 38.4% since last year.
Fairbanks Housing Market Trends
In October 2024, Fairbanks home prices were up 10.4% compared to last year, selling for a median price of $265K. On average, homes in Fairbanks sell after 40 days on the market compared to 8 days last year. There were 20 homes sold in October this year, down from 29 last year.
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How hot is the Fairbanks housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
- Some homes get multiple offers.
- The average homes sell for about 5% below list price and go pending in around 47 days.
- Hot homescan sell for around list price and go pending in around 9 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
- Some homes get multiple offers.
- The average homes sell for about 4% below list price and go pending in around 44 days.
- Hot homescan sell for around list price and go pending in around 21 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% below list price and go pending in around 17 days.
- Hot homescan sell for around list price and go pending in around 9 days.
Fairbanks Migration & Relocation Trends
Schools in Fairbanks
- Elementary
- Middle
- High
GreatSchools Rating
6/10 Interior Distance Education of Alaska (idea) Public • PreK-12 | 9216 Students | 2 reviews |
6/10 Arctic Light Elementary School Public • PreK-8 | 367 Students | 13 reviews |
5/10 Anne Wien Elementary School Public • PreK-6 | 271 Students | N/A |
5/10 Joy Elementary School Public • PreK-8 | 307 Students | 5 reviews |
5/10 Ladd Elementary School Public • PreK-8 | 291 Students | 11 reviews |
Climate's impact on Fairbanks housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Fairbanks.
Flood Factor - Minor
Flood Factor
Fire Factor
Wind Factor
Heat Factor
Transportation in Fairbanks
Walk Score®
Transit Score®
Bike Score®
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