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Featured local agent — South Lakes, AK
Sarah Mitchell
Compass Real Estate · South Lakes, AK
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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South Lakes, AK Housing Market & Real Estate
Housing market overview · Updated monthly ·
$475,000median sale price
How is the South Lakes, AK housing market right now?
The median home sale price in South Lakes, AK is $475,000, up 1.1% year-over-year. Homes sell in an average of 11 days with 12 active listings. The market is currently a 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 South Lakes a buyer's or seller's market?
South Lakes, AK is currently a seller's market, based on 4.0 months of supply and homes selling in about 11 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
11
Fast-moving
Active listings
12
4.0 months supply
Sale-to-list
102.5%
Above asking
What does the South Lakes housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $475,000 |
| Median list price | $647,999 |
| Year-over-year price change | +1.1% |
| Average days on market | 11 days |
| Active inventory | 12 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 102.5% |
| Median price per sq ft | $272/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 9 |
| Listings with a price cut | 25.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in South Lakes by property type?
How the South 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 | $475,000 | $272/sq ft | 3 | 11 days |
| Condo / Co-op | $310,000 | $207/sq ft | 1 | 9 days |
Source: Redfin · Updated monthly
The South Lakes housing market is currently classified as a seller's market with a median sale price of $475,000. Prices have risen 1.1% compared to last year, with homes spending an average of 11 days on market, indicating 4.0 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 South Lakes
There are currently 12 homes listed for sale in South Lakes, Alaska. The median listing price is $648K.
Active listings
12
Homes on market
Median list price
$648K
Avg. days on market
11
Days until sale
New this week
9
Newly listed
Who lives in South Lakes?
Population
6,132
Median income
$89,632/yr
Median age
33 years
Owner-occupied
65.2%
College grads
23.3%
Avg commute
29.6 min
Source: U.S. Census Bureau ACS
What is it like to live in South Lakes?
South Lakes is a community of approximately 6K residents with a median age of 33 years.The median household income is $89,632, which reflects a relatively affluent area with strong earning potential. 23.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 65.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, South Lakes offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near South Lakes, AK?
Want a head-to-head view? Compare South 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 South Lakes?
The median home sale price in South Lakes is $475,000, up 1.1% from last year.
How long do homes stay on market in South Lakes?
Homes typically spend 11 days on market before going under contract.
What is the median income in South Lakes?
The median household income is $89,632 per year.
Is South Lakes a buyer's or seller's market?
With 4.0 months of supply, South Lakes is currently a seller's market.
What is the median condo price in South Lakes?
The median condo/co-op sale price in South Lakes, AK is $310,000, compared to $475,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in South Lakes?
The median single-family home price in South Lakes, AK is $475,000 (about $272 per square foot).
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