University Area, AK Housing Market
The University Area housing market is very competitive. The median sale price of a home in University Area was $256K last month, down 34.4% since last year. The median sale price per square foot in University Area is $234, up 3.1% since last year.
University Area Housing Market Trends
In May 2025, University Area home prices were down 34.4% compared to last year, selling for a median price of $256K. On average, homes in University Area sell after 6 days on the market compared to 9 days last year. There were 23 homes sold in May this year, down from 29 last year.

How much is your home worth? Track your home’s value and compare it to nearby sales.

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 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 7 days.
- Hot homescan sell for about 3% above list price and go pending in around 3 days.
View houses in University Area that sold recently
Recently sold homes
- $524,900 Last List Price4 beds2.5 baths2,355 sq ft4956 Castle Ct, Anchorage, AK 99508List Price—Sale to List—Days on Market42 days4956 Castle Ct, Anchorage, AK 99508
- $450,000 Last List Price4 beds2 baths1,951 sq ft3136 Tamworth Cir, Anchorage, AK 99504List Price—Sale to List—Days on Market45 days3136 Tamworth Cir, Anchorage, AK 99504
- $187,000 Last List Price2 beds1 bath1,041 sq ft4850 Bryn Mawr Ct #2, Anchorage, AK 99508List Price—Sale to List—Days on Market45 days4850 Bryn Mawr Ct #2, Anchorage, AK 99508
- $380,000 Last List Price3 beds2 baths1,410 sq ft2949 Sunflower St, Anchorage, AK 99508List Price—Sale to List—Days on Market49 days2949 Sunflower St, Anchorage, AK 99508
- $95,000 Last List Price—beds—baths—sq ftL5 Vadla Way, Anchorage, AK 99504List Price—Sale to List—Days on Market476 daysL5 Vadla Way, Anchorage, AK 99504
- $95,000 Last List Price—beds—baths—sq ftL4 Vadla Way, Anchorage, AK 99504List Price—Sale to List—Days on Market476 daysL4 Vadla Way, Anchorage, AK 99504
- $170,000 Last List Price2 beds2 baths887 sq ft4109 Lynn Dr #202, Anchorage, AK 99508List Price—Sale to List—Days on Market28 days4109 Lynn Dr #202, Anchorage, AK 99508
- $425,000 Last List Price4 beds2 baths2,012 sq ft3123 Regis Ct, Anchorage, AK 99508List Price—Sale to List—Days on Market58 days3123 Regis Ct, Anchorage, AK 99508
See all recently sold homes in University Area.
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Schools in University Area
- Elementary
- Middle
- High
GreatSchools Rating
5/10 College Gate Elementary School Public • PreK-6 | 399 Students | 1 reviews |
3/10 Lake Otis Elementary School Public • PreK-6 | 302 Students | 2 reviews |
NR Alaska State School For The Deaf & Hard Of Hearing Public • PreK-12 | 30 Students | N/A |
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 - Moderate
Flood Factor

Fire Factor - Moderate
Fire Factor

Wind Factor - Major
Wind Factor

Wind likelihood over time
Heat Factor - Severe
Heat Factor

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