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Featured local agent — North Lakes, AK
Sarah Mitchell
Compass Real Estate · North Lakes, AK
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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North Lakes, AK Housing Market & Real Estate
Housing market overview · Updated monthly ·
$578,000median sale price
How is the North Lakes, AK housing market right now?
The median home sale price in North Lakes, AK is $578,000, up 52.6% year-over-year. Homes sell in an average of 15 days with 22 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is North Lakes a buyer's or seller's market?
North Lakes, AK is currently a strong seller's market, based on 1.7 months of supply and homes selling in about 15 days. How we determine this →
Homes sold
13
Last 12 weeks
Days on market
15
Fast-moving
Active listings
22
1.7 months supply
Sale-to-list
100.4%
Above asking
What does the North Lakes housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $578,000 |
| Median list price | $575,000 |
| Year-over-year price change | +52.6% |
| Average days on market | 15 days |
| Active inventory | 22 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 100.4% |
| Median price per sq ft | $270/sq ft |
| Homes sold (latest month) | 13 |
| New listings (latest month) | 19 |
| Listings with a price cut | 59.1% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in North Lakes by property type?
How the North Lakes, AK market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $578,000 | $270/sq ft | 13 | 15 days |
| Condo / Co-op | $303,000 | $216/sq ft | 1 | 33 days |
Source: Redfin · Updated monthly
The North Lakes housing market is currently classified as a strong seller's market with a median sale price of $578,000. Prices have risen 52.6% compared to last year, with homes spending an average of 15 days on market, indicating 1.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in North Lakes
There are currently 22 homes listed for sale in North Lakes, Alaska. The median listing price is $575K.
Active listings
22
Homes on market
Median list price
$575K
Avg. days on market
15
Days until sale
New this week
19
Newly listed
Who lives in North Lakes?
Population
10,583
Median income
$102,785/yr
Median age
36.4 years
Owner-occupied
79.3%
College grads
26.9%
Avg commute
30 min
Source: U.S. Census Bureau ACS
What is it like to live in North Lakes?
North Lakes is a community of approximately 11K residents with a median age of 36.4 years.The median household income is $102,785, which reflects a relatively affluent area with strong earning potential. 26.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 79.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 30 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, North Lakes offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near North Lakes, AK?
Want a head-to-head view? Compare North Lakes side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in North Lakes?
The median home sale price in North Lakes is $578,000, up 52.6% from last year.
How long do homes stay on market in North Lakes?
Homes typically spend 15 days on market before going under contract.
What is the median income in North Lakes?
The median household income is $102,785 per year.
Is North Lakes a buyer's or seller's market?
With 1.7 months of supply, North Lakes is currently a strong seller's market.
What is the median condo price in North Lakes?
The median condo/co-op sale price in North Lakes, AK is $303,000, compared to $578,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in North Lakes?
The median single-family home price in North Lakes, AK is $578,000 (about $270 per square foot).
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