How much is a home in 99516 worth?

The typical home value in 99516 is $698,135, up 5.2% over the past year as of 2026-07-01.

How long does it take to sell a home in 99516?

Homes in 99516 spend a median of 51 days on the market as of 2026-08-01.

Are sellers cutting prices in 99516?

Yes. As of 2026-08-01, 20.1% of listings in 99516 have had a price cut, while the median list price is $885,000.

Market Intelligence · AK / Anchorage

Anchorage, AK 99516 Housing Market

The typical home value in Anchorage's 99516 ZIP code is $698,135, up 5.2% over the past year. Sellers are listing at a median price of $885,000, and homes spend a median of 51 days on the market before going under contract.

Updated August 2026Median value$695K

The median home value in Anchorage, AK 99516 is $695K as of August 2026, up 5.3% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 99516 range

$639K to $750K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+5.3% over 12 months

Aug 2025$660K

Low $660KHigh $695K

Aug 2026$695K

The numbers

What is the 99516 housing market like?

As of August 2026

Typical home value

$695K

5.3%YoY

Median list price

$885K

6.8%MoM

Days on market

24.4%MoM

Homes for sale

1.7%MoM

Price cuts

20.1%

18.2%MoM

New listings

20.0%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 99516 home prices compare?

99516$694,837
Anchorage$387,935
Alaska$356,539
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Anchorage: 10 ZIPs; Alaska: 50 ZIPs; United States: 26,265 ZIPs).

Context

As of 2026-08-01, there are 61 homes for sale in 99516, with 40 new listings hitting the market. The median list price sits at $885,000, above the typical home value of $698,135, which has climbed 5.2% over the past year. Homes take a median of 51 days to sell, and 20.1% of active listings have taken a price cut. Values are rising, but the gap between asking prices and typical values, along with a meaningful share of price reductions, suggests buyers are selective. For a seller, pricing close to what the local data supports matters more than testing the high end.

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