University Area, AK Housing Market
The University Area housing market is very competitive. The median sale price of a home in University Area was $320K last month, up 26.7% since last year. The median sale price per square foot in University Area is $197, down 6.4% since last year.
University Area Housing Market Trends
In January 2025, University Area home prices were up 26.7% compared to last year, selling for a median price of $320K. On average, homes in University Area sell after 12 days on the market compared to 18 days last year. There were 30 homes sold in January this year, up from 18 last year.
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How much is your home worth? Track your home’s value and compare it to nearby sales.
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How hot is the University Area 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 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 14 days.
- Hot homescan sell for about 1% above list price and go pending in around 5 days.
Schools in University Area
- Elementary
- Middle
- High
GreatSchools Rating
5/10 College Gate Elementary School Public • PreK-6 | 362 Students | 1 reviews |
3/10 Lake Otis Elementary School Public • PreK-6 | 356 Students | 2 reviews |
Climate's impact on University Area housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in University Area.
Flood Factor - Minor
Flood Factor
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Fire Factor - Moderate
Fire Factor
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Wind Factor - Major
Wind Factor
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Wind likelihood over time
Heat Factor - Severe
Heat Factor
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