Is Lakes a buyer's or seller's market right now?

Lakes is currently a seller's market with 1.3 months of supply. 33.3% of homes sell above asking price, and 55.6% go pending within two weeks. The Ridley Sell Score for Lakes is 58/100 (Moderate), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Lakes?

The median home price in Lakes is $380,000, down 8.4% year-over-year. The median price per square foot is $236. Homes sell in a median of 83 days with a sale-to-list ratio of 100.2%.

How much does it cost to sell a home in Lakes, Alaska?

On a $380,000 home in Lakes, a traditional listing agent charges around $11,400 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $30,400 or more. With Ridley Pro, your listing fee is just $3,499 — saving you $7,901.

How does Ridley's flat fee compare to a traditional Lakes agent?

A traditional Lakes listing agent typically charges 3% of the sale price — about $11,400 on a $380,000 home. Ridley Pro is a flat $3,499 with a dedicated licensed agent. That means you save $7,901 compared to a traditional agent.

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

The median home in Lakes currently spends 83 days on the market before going under contract, up 40% from last year. 55.6% of homes go pending within two weeks. At a 100.2% sale-to-list ratio, sellers are getting very close to or above asking price. Only 50% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Alaska?

No. Alaska does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $380,000 home, that could save you up to $7,901.

What's included with Ridley Pro?

Ridley Pro ($3,499) includes MLS listing distribution, a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. It's the full-service experience at a fraction of the traditional $11,400 commission.

National/Alaska

Lakes, AK

Is Now a Good Time to Sell in Lakes, Alaska?

The median home in Lakes sells for $380,000 with prices down 8.4% year-over-year. The average seller pays $11,400 in commissions — Ridley’s flat fee saves you $7,901.

Lakes Real Estate Market Conditions — April 2026

58out of 100

Ridley Sell Score

How it's scored →

Moderate

58/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Lakes market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Watch for competing listings dropping prices — come in sharp from day one. Sellers who prepare well can still achieve strong results.

Inventory TightnessFavors sellers

1.3 months of supply — well below the 5-month balanced threshold — 64% below the Alaska average of 3.6.

Price MomentumFavors buyers

Prices down 8.4% year-over-year — vs. +18% statewide.

Seller LeverageFavors sellers

Homes selling at 100.2% of asking — sellers are getting 0.2% above list on average. Alaska average is 98.2%.

Bidding ActivityFavors sellers

33.3% of homes selling above list price — 171% above the Alaska average of 12.3%.

Sale SpeedFavors buyers

83 median days on market — 70 days faster than the Alaska average.

Market UrgencyFavors sellers

55.6% of listings go pending within 2 weeks — vs. 18.6% statewide.

Price StabilityFavors buyers

50% of listings have dropped their price — accurate initial pricing is critical. Alaska average is 15.8%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$380,000

-8.4%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

+40%

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$236

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

100.2%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

1.3

Seller’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Very Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

33.3%

Moderate demand

Price Drops

Percentage of active listings that had a price reduction.

50%

Price carefully

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

55.6%

Fast-moving

12-Month Price Trend

$445,028 → $380,000

▼14.6%

$460K$440K$420K$400K$380K

MayJulSepNovJanMarApr

Data updated April 2026

Get AI-powered market intelligence

Personalized pricing signals, demand shifts, and Sell Score changes for Lakes — delivered monthly.

Your savings

How much can you save selling your home in Lakes?

The average Lakes homeowner saves $7,901 by selling with Ridley instead of paying the traditional 3% listing commission on a $380,000 home.

$0Estimated savings

That's 6 months of groceries — save 2.1% of your home value

Your Lakes home value

$380,000

$50,000$10M

Traditional Agent (3%)

$11,400

Ridley Pro (flat fee)

$3,499

Ready to sell in Lakes?

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Cost comparison

How much does it cost to sell a house in Lakes?

The total cost to sell a house in Lakes in 2026 ranges from $3,499 with Ridley to approximately $11,400 with a traditional 3% commission on a $380,000 home.

	Traditional Agent	Best valueRidley Pro	FSBO
Listing fee	$11,400	$3,499	$0
Buyer agent	$10,6402.8% avg	$7,600~2% avg	$10,6402.8% avg
Closing costs (~1.5%)	$5,700	$5,700	$5,700
Total cost	$27,740	$16,799	$16,340
Net proceeds	$352,260	$363,201	$363,660
You save	—	$10,941	$11,400No support