Is Kenai, AK 99611 a buyer’s or seller’s market?
Kenai is a seller’s market. With about 3.2 months of supply and 34% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 72% of U.S. ZIP codes, and #15 of 31 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Kenai housing market right now
In the three months ending August 31, 2026, 34% of homes in Kenai, AK 99611 sold above their list price, the typical home went under contract in 13 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 85 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 24%, homes sold faster (21 days then) and the median sale price fell 4% to $344,851. Overall, Kenai is more competitive than a year ago, so tougher for buyers.
Within Kenai Peninsula Borough, homes here sell faster than in 90% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Kenai ranks #15 of 31 AK ZIP codes with enough sales (score 69 out of 100).
Nearby, buyers who want less competition could look at Seldovia 99663 (0% sold over asking) or Ninilchik 99639 (0% sold over asking).
Run the numbers for 99611
Nearby markets
Anchor Point 99556Buyer’s market $286 /sq ftClam Gulch 99568 — /sq ftCooper Landing 99572Buyer’s market $341 /sq ftHomer 99603Balanced $310 /sq ft Browse all markets →Towns like Kenai nearby
Find towns like Kenai in other states →Where Kenai is
Loading map…
Questions about Kenai real estate
Is Kenai a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Kenai, AK 99611 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Kenai?
The typical home went under contract in 13 days in the latest three months.
Do homes in Kenai sell over asking?
34% of homes sold above their original list price, and the typical sale closed at 99.3% of the list price.
What are property taxes in Kenai?
About 0.63% of a home’s value a year in Kenai Peninsula Borough, or roughly $2,520 on a $400,000 home.
What is the median home price in Kenai?
The median sale price was $344,851 in the three months ending August 31, 2026, about $245 per square foot.
Local agents
See all agents in 99611 →No sponsored agents in 99611 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 99611
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology