Is Fairbanks, AK 99701 a buyer’s or seller’s market?
Fairbanks is a seller’s market. With about 2.7 months of supply and 0% 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 15% of U.S. ZIP codes, and #29 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 Fairbanks housing market right now
In the three months ending August 31, 2026, 0% of homes in Fairbanks, AK 99701 sold above their list price, the typical home went under contract in 50 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 64 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 3%, homes sold faster (57 days then) and the median sale price fell 7% to $274,881. Overall, Fairbanks is about as competitive as it was a year ago.
On our competition score, Fairbanks ranks #29 of 31 AK ZIP codes with enough sales (score 21 out of 100).
Run the numbers for 99701
Nearby markets
Central 99730Seller’s market $131 /sq ftManley Hot Springs 99756 $126 /sq ftMc Grath 99627 — /sq ftNenana 99760Seller’s market $180 /sq ft Browse all markets →Towns like Fairbanks nearby
Find towns like Fairbanks in other states →Where Fairbanks is
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Questions about Fairbanks real estate
Is Fairbanks a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Fairbanks, AK 99701 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 Fairbanks?
The typical home went under contract in 50 days in the latest three months.
Do homes in Fairbanks sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 84.6% of the list price.
What are property taxes in Fairbanks?
About 1.13% of a home’s value a year in Yukon-Koyukuk Census Area, or roughly $4,520 on a $400,000 home.
What is the median home price in Fairbanks?
The median sale price was $274,881 in the three months ending August 31, 2026, about $202 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology