Is Fairbanks, AK 99712 a buyer’s or seller’s market?
Fairbanks is a seller’s market. With about 3.3 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 9% of U.S. ZIP codes, and #30 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 99712 sold above their list price, the typical home went under contract in 56 days and there were 3.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 74 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 3%, homes sold more slowly (52 days then) and the median sale price rose 16% to $417,319. Overall, Fairbanks is less competitive than a year ago, which gives buyers more room.
Within Fairbanks North Star Borough, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county. On our competition score, Fairbanks ranks #30 of 31 AK ZIP codes with enough sales (score 16 out of 100).
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Nearby markets
Ester 99725 — /sq ftFairbanks 99709Seller’s market $213 /sq ftFort Wainwright 99703Seller’s market $184 /sq ftNorth Pole 99705Seller’s market $235 /sq ft Browse all markets →Towns like Fairbanks nearby
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Questions about Fairbanks real estate
Is Fairbanks a buyer’s or seller’s market?
A seller’s market: there were 3.3 months of supply in Fairbanks, AK 99712 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 56 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 90.9% of the list price.
What are property taxes in Fairbanks?
About 1.19% of a home’s value a year in Fairbanks North Star Borough, or roughly $4,760 on a $400,000 home.
What is the median home price in Fairbanks?
The median sale price was $417,319 in the three months ending August 31, 2026, about $223 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