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Bear Valley Glen Alps Hillside East Mid Hillside O'Malley (Huffman) Rabbit Creek Turnagain Arm

ANCHORAGE, AK 99516

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 99516

Bear Valley · Glen Alps · Hillside East · Mid Hillside · O'Malley (Huffman) · Rabbit Creek · Turnagain Arm

Market Analysis

Data as of February 2026. Source: Realtor.com.

The ANCHORAGE, AK real estate market (99516) currently shows 60 active listings, with 34 pending sales. Homes are averaging 52 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

The median listing price has fallen 10.3% year-over-year, from $1,013,499 to $909,450.

Whether you are buying or selling in ANCHORAGE, AK, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 21,788  ·  Density: 191.6/mi²  ·  Median household income: $151,291

Typical home value: $541,426  ·  Homeownership: 88.7%

Market Overview

Active Listings
60
⇩ 3.2% vs 62 last year
Pending
34
57% pending ratio
Median Price
$909,450
⇩ 10.3% vs $1,013,499 last year
Average Price
$977,431
⇩ 29.5% vs $1,386,192 last year
Days on Market
52
vs 52 days last year

Price Per Square Foot

Median $/sqft
$293
⇩ 8.4% vs $320/sqft last year
Median Home Size
2,865 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 60 this year vs 62 last year
  • Days on market: 52 now vs 52 last year

Median & Average Pricing

Year over Year
  • Median: $909,450 (-10.3% YoY)
  • Average: $977,431 (-29.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 65.2 miles — 593 listings ($339,446,008 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
99516Anchorage, AK 995160.0 mi63$64,139,418$899,000$1,018,086
99515Anchorage, AK 995156.5 mi31$16,343,820$500,000$527,220
99504Anchorage, AK 995048.6 mi74$27,774,272$405,000$375,328
99517Anchorage, AK 9951710.9 mi23$9,742,961$369,750$423,607
99501Anchorage, AK 9950111.2 mi38$18,651,008$449,000$490,816
99577Eagle River, AK 9957716.1 mi60$36,302,580$524,500$605,043
99623Wasilla, AK 9962325.5 mi122$61,488,732$419,950$504,006
99587Girdwood, AK 9958731.4 mi16$16,128,720$864,500$1,008,045
99694Houston, AK 9969437.9 mi5$1,717,375$357,000$343,475
99572Cooper Landing, AK 9957241.6 mi3$3,547,500$1,182,500$1,182,500
99645Palmer, AK 9964545.6 mi102$58,525,866$499,000$573,783
99688Willow, AK 9968857.8 mi44$18,944,904$299,000$430,566
99664Seward, AK 9966465.2 mi12$6,138,852$449,000$511,571

Frequently Asked Questions

How many homes are for sale in ANCHORAGE, AK 99516?

As of February 2026, there are 60 active listings in ANCHORAGE, AK (zip code 99516), compared to 62 the prior year.

What is the median home price in ANCHORAGE, AK 99516?

The median listing price in ANCHORAGE, AK 99516 is $909,450 as of February 2026, a 10.3% decrease from $1,013,499 the prior year.

How long do homes stay on the market in ANCHORAGE, AK?

Homes in ANCHORAGE, AK 99516 spend an average of 52 days on the market before going under contract, compared to 52 days the prior year.

Is it a seller's or buyer's market in ANCHORAGE, AK 99516?

Based on current inventory and days-on-market data as of February 2026, ANCHORAGE, AK 99516 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

How much can I save on real estate commission in ANCHORAGE, AK?

With SELL123.com's maximum 3% commission, sellers in ANCHORAGE, AK 99516 save an estimated $18,189 compared to a typical 5% commission on the median listing price of $909,450. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.