Property prices for sale in Fairbanks (Alaska)

The prices in real estate in Fairbanks, in the Alaska region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.

$252,132.17
Average price last 6 months
$137.17
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Fairbanks has increased during the last 6 months. In November, the average price per sq.feet was $131. In the following month the price per sq.feet decreased to $124. In the following two months the price per sq.feet has increased 111 %, going from $127.5 to $141 per sq.feet. The price per sq.feet has increased 107 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $134.25 to $143 during March, and April.

Average price

Based upon to the price in Fairbanks (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $222,429. During December the price went through a considerable rise reaching $276,171. In the following two months the average price has remained the same with regard to the previous two months from $249,300 to $238,576. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $273,870 they are 48 % more affordable than the average price for Fairbanks. The properties with the highest average price have 4 bedrooms, Their price is 40 % more costly than the average. After that we have properties with 3 bedrooms priced at $270,833.

With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $138 / sq.feet, with an average $144 / sq.feet price in Fairbanks. The properties with the highest average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 4 bedrooms with a price at $161 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $273,870 it is 36 % cheaper than the average price in Fairbanks. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $238,656 it is 2 % more affordable than the average price.

According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $123 / sq.feet followed by "Condo" priced at $130 / sq.feet. "House" is the most costly type of property with a $145 / sq.feet cost followed by "Condo" with an average price of $130 / sq.feet.

Charts data
Average price April
Average price per sq.feet April
Number of properties used in Fairbanks
Number of properties used in region Alaska
$273,870
$144
2,296
24,796
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value