Photo: Michael Boyter · CC BY 2.0117 homes sold in North Lakes in the last year, at a typical $465K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where North Lakes homes are listed.
Every place North Lakes homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to North Lakes.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 90% of North Lakes’ sales, at a typical $436K (year to May 2026)
117 homes sold in the year to September 2026.
typical sale · 128 sold in the year to May 2026
- Per square foot
- $259AK $248
- Days to sell
- 29
- Sold over asking
- 32%
- Listings with a price cut
- 39%
Multi-family (2–4 units): 11 sold, typical $669K
Condos: 3 sold, typical $281K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.8 times the 2016 price
117 sales in the last year, against 215 in 2021 and a low of 126 in 2012. The typical sale went from $261K in 2016 to $465K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $450K buys in North Lakes
Check a listing against what North Lakes homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in North Lakes are back to pre-pandemic levels, but three quarters fewer homes come up for sale
We read every month of North Lakes’ home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 117 sales.
If you’re buying in North Lakes
- Shop in July. It brings about 24 new listings a month, close to the busiest month, with fewer bidding wars (33% over asking).
- Bid near asking. Buyers paid 99.9% of the list price on average; 31% paid over.
- You’ll usually have time. Only 34% of homes go under contract within two weeks; the typical one takes 32 days.
Summer brings the homes; spring brings the bidding wars
June has the most new listings (about 27 a month), but May is the most competitive: 38% of May sales close over asking. November has the least competition (20%) but only about 9 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than Alaska
| North Lakes now | 2017–19 | 2021 peak | AK now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 31% | 28% | 42% | 23% |
| Gone within two weeksShare of homes under contract within 14 days | 34% | 1% | 66% | 39% |
| Price paid vs. askingAverage sale price ÷ list price | 99.9% | 99% | 100.9% | 99% |
| Days to sellMedian days from listing to contract | 32 | 104 | 13 | 34 |
23 homes for sale on a typical day
That’s 72% fewer than in 2017–19 and well under 2018’s 82.
North Lakes ranks 4th of 24 busy Alaska markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. North Lakes is one of the state’s hottest markets.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical North Lakes home costs about $2,839 a month
Price: North Lakes’ typical sale, last 12 months. Property tax at North Lakes’ 1.1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether North Lakes is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 8.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $465K home, about $4,950 a year.
Taxes vs. neighborsSchools
The schools grade for North Lakes, from test results, graduation and how much students grow.
Schools in North LakesTypical commute
The average one-way trip to work for people who live in North Lakes.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Wasilla sells for less a square foot
The busier markets within 25 miles of North Lakes, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Tanaina | 146 | $430K | $252 | 34% | 23 |
| Gateway | 143 | $529K | $270 | 30% | 44 |
| Wasilla | 133 | $471K | $243 | 25% | 27 |
| North Lakes | 117 | $465K | $253 | 31% | 32 |
| Palmer | 91 | $400K | $263 | 28% | 25 |
| South Lakes | 55 | $480K | $248 | 30% | 46 |
| Farm Loop | 52 | $534K | $246 | 36% | 32 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to North Lakes, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to North Lakes. People who follow the town see it, and so do people comparing North Lakes with their own town. No commission, no listing fee.
Questions about buying a home in North Lakes
What do homes sell for in North Lakes, AK?
117 homes sold in the year to September 2026 at a typical $465K, $253 a square foot.
Is North Lakes a buyer’s or seller’s market?
A seller’s market: 38 homes were for sale in September 2026 and 13 sold, about 2.9 months of supply. Buyers paid 99.9% of asking on average.
When is the best time to buy in North Lakes?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in North Lakes?
About 1.1% of a home’s value a year. On a $465K home that’s near $4,950.
Where can I see homes for sale in North Lakes?
Zillow, Redfin, Realtor.com and Homes.com all carry North Lakes’ MLS listings; the search links above open each one filtered to North Lakes.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).