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Market Intelligence · AK / Fairbanks North Star Borough

Fairbanks, AK home prices and housing market

3 ZIP markets liveData updated September 2026Typical value$321K1-yr changeUp5.5%

The typical home value in Fairbanks, AK is $321K as of September 2026, up 5.5% from a year ago, based on the Zillow Home Value Index. In the typical Fairbanks ZIP code, the median list price is $272K and homes spend a median of 53 days on market as of September 2026 (Realtor.com).

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The coverage

Fairbanks, by the numbers.

Typical home valueZillow ZHVI, September 2026
$321K
1-yr changeMedian across Fairbanks ZIPs
+5.5%
ZIP markets live9 tracked in Fairbanks
3
County
Fairbanks North Star Borough

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12-month value trend

+5.5% over 12 months

Typical home value in Fairbanks over the last 12 months: $304K in Sep 2025 to $321K in Sep 2026 (+5.5%).

Sep 2025$304K

Sep 2026$321K

Median Zillow home value index across Fairbanks's ZIP codes.

Context

The Fairbanks housing market has gained ground over the past year, with the typical home value at $317,948 as of August 2026, up 4.5% from a year earlier. That growth puts sellers in a decent position on paper, though the listing side tells a more cautious story. The median list price in September 2026 was $272,413, and 25.9% of active listings had taken a price cut. Inventory is limited, with 207 homes for sale and 72 new listings hitting the market that month. Homes are also taking some time to move, with a median of 53 days on market. For a Fairbanks homeowner weighing a sale, the citywide trend favors sellers who price realistically from the start and are prepared to wait for the right buyer.

The numbers

What is the housing market like in Fairbanks, AK?

Typical home value

$321K

Up5.5%YoY

Median list price

$272K

Days on market

53

Homes for sale

207

Price cuts

25.9%

New listings

72

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

Figures reflect Fairbanks's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Fairbanks, AK home prices over time

Typical home values in Fairbanks, AK are up 5.5% over the past year, from $304K in September 2025 to $321K in September 2026.

Typical home value in Fairbanks, AK, September of each year
MonthTypical value1-yr change
September 2026$320,990+5.5%
September 2025$304,141No prior year

Typical value is the median Zillow Home Value Index across Fairbanks ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Fairbanks, AK a buyer's or seller's market?

Fairbanks, AK leans toward a buyer's market.

A large share of listings have cut their asking price and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 53 days on market and 26% of listings with a price cut in the typical Fairbanks ZIP code, and 72 new listings against 207 active listings across Fairbanks, as of September 2026 (Realtor.com).

The outlook

Fairbanks housing market forecast 2027

+1.1%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 3 Fairbanks ZIP codes, points to typical home values rising 1.1% by September 2027.

Over the 12 months through September 2026, typical home values in Fairbanks rose 5.5%, per the Zillow Home Value Index.

Will home prices drop in Fairbanks?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Fairbanks shows typical home values rising 1.1% by September 2027, after a 5.5% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 3 Fairbanks ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Fairbanks?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 9 Fairbanks ZIP codes in total; the remaining 6 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

Local pros

Who are the top real estate agents in Fairbanks?

Top real estate agents in Fairbanks, AK

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Common questions

Questions about Fairbanks, AK home prices.

How much is a home in Fairbanks worth?

The typical home in Fairbanks was worth $317,948 as of August 2026, up 4.5% over the past year. The median list price for active listings was $272,413 as of September 2026.

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

Homes in Fairbanks spent a median of 53 days on the market as of September 2026. That pace gives buyers some room to negotiate, so sellers should price carefully.

Are Fairbanks sellers cutting prices?

Yes, 25.9% of listings in Fairbanks had a price cut as of September 2026. With 207 homes for sale and 72 new listings that month, accurate initial pricing matters.

Are home prices going up or down in Fairbanks, AK?

Typical home values in Fairbanks, AK are up 5.5% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Fairbanks, AK a buyer's or seller's market?

Fairbanks, AK leans toward a buyer's market. A large share of listings have cut their asking price and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 53 days on market and 26% of listings with a price cut in the typical Fairbanks ZIP code, and 72 new listings against 207 active listings across Fairbanks, as of September 2026 (Realtor.com).

Nearby markets

More Alaska housing markets.

The market is moving

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