Is Larsen Bay, AK 99624 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Larsen Bay is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list0%Share of sales, last 3 months

Median sale-to-list72%Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft$83

The Larsen Bay housing market right now

In the three months ending August 31, 2026, 0% of homes in Larsen Bay, AK 99624 sold above their list price. With only 1 sale, these figures can swing a lot from month to month.

About the area

Kodiak Island Borough, AK

Population	145
Median income	$37,188
Average income	$73,311
Median home value	$117,500
Owner-occupied	85% of homes
Median year built	1985
Walkability	5.1 of 20 · least walkable

Natural hazard riskEarthquakes (very high), winter storms (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 99624; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA); walkability from the EPA National Walkability Index.

Run the numbers for 99624

Prefilled for 99624Can I win this house?Multiple-offer likelihood for a listing Prefilled for 99624Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Kodiak 99615Balanced $273 /sq ft Ouzinkie 99644 — /sq ft Port Lions 99550 — /sq ft Browse all markets →

Where Larsen Bay is

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Questions about Larsen Bay real estate

Do homes in Larsen Bay sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 72.0% of the list price.

What are property taxes in Larsen Bay?

About 0.87% of a home’s value a year in Kodiak Island Borough, or roughly $3,480 on a $400,000 home.

What is the median home price in Larsen Bay?

The median sale price was $89,961 in the three months ending August 31, 2026, about $83 per square foot.

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More tools for 99624

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Kodiak Island Borough property taxes Kodiak Island Borough loan limits Closing costs in Alaska Hottest ZIP codes in Alaska

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology