Nome, AK Foreclosures
How much do homes sell for in Nome, AK?
The average home price is currently $328,345.
In Nome, AK, how many homes are available?
There are currently 1 active home listings available in Nome.
What’s the average rental cost in Nome, AK?
The average rental price in Nome is $1,716.
What is the most expensive home in Nome?
The most expensive home sold in Nome had a price of $6,372,500.
What is currently the cheapest priced home in Nome, AK?
The cheapest home for sale in Nome is priced at $62,550.
Living in Nome, AK
Nome, Alaska is a historically rich coastal city known for its stunning natural landscape and small-town community feel. With a vibrant local culture shaped by its gold rush past, it serves as a gateway to outdoor adventures and provides essential services to its residents. This city is an ideal place for those who enjoy a tight-knit community and the beauty of the Alaskan wilderness.
Current Market Conditions in Nome, AK
The real estate market in Nome has been fluctuating, with interest in properties increasing due to the unique lifestyle it offers. Homes here tend to have good value due to the geographical location and the scarcity of available properties, leading to a competitive market for buyers.
Recent trends show that the demand for both seasonal and year-round housing is on the rise, especially among those looking to relocate from urban areas. The local economy influences market stability, as many properties are valued based on market needs and available resources.
Overall, the market remains somewhat stable but competitive, with prices reflecting the uniqueness of the location.
Home Value Estimator For Nome, AK
There are currently 942 real estate properties
in Nome, AK,
with a median automated valuation model (AVM) price
of $327,197.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Nome, AK, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Nome, AK,
is $328,345.00, with the most expensive house
in Nome, AK, topping out
at $6,372,500.00 and the cheapest home
in Nome, AK,
clocking in at $62,550.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Nome, AK!
Rent Prices
In Nome, AK
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Nome, AK, is on
a rollercoaster ride. The
average rent price in Nome, AK,
is $1,716.00. Indeed, when looking to rent in
Nome, AK, you can expect to pay as little
as $1,330.00 or as much
as $4,060.00,
with the average rent median estimated to
be $1,660.00. The good news is that finding
an affordable and desirable property to rent in Nome, AK
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
