Alaska’s 39.4% price-cut rate tops Hawaii’s 31.9% even as both markets balance seller leverage with longer selling timelines.
Alaska’s housing market saw 39.4% of active listings reduce their asking prices during the week ending Nov. 7, 2025, outpacing Hawaii’s 31.9% price cut rate despite Alaska homes carrying a median list price of $469,000 compared to Hawaii’s $1,285,000.
The pricing strategy divergence between America’s two non-contiguous states reveals distinct market dynamics. Alaska’s median home sits on the market for 84 days, while Hawaii properties require 105 days to find buyers, according to HW Data’s weekly market analysis covering single-family homes.
Price adjustments reflect regional pressures
Alaska’s higher rate of price reductions occurs alongside a tighter inventory situation, with 1.8 months of supply compared to Hawaii’s 2.3 months. The Alaska market absorbed 190 homes during the week while adding 70 new listings. Hawaii saw 235 homes absorbed against 120 new listings entering the market.
Both states maintain seller-favorable conditions despite the pricing adjustments. Alaska’s price per square foot reached $254.8, while Hawaii commanded $708.5 per square foot, reflecting the islands’ premium real estate values.
Inventory patterns diverge from pricing strategies
The relisting rate tells another story about market stability. Hawaii properties showed a 8.0% relisting rate compared to Alaska’s 5.7%, suggesting Hawaii sellers more frequently withdraw and relist properties rather than adjust prices downward.
Active inventory totaled 1,425 homes in Alaska and 2,140 in Hawaii. Price increases remained minimal in both markets, with Alaska seeing 0.8% of listings raise prices and Hawaii at 0.6%.
National context highlights regional extremes
Both states exceed national benchmarks for time on market, with the U.S. median at 77 days. The national months of supply stands at 2.5, placing Alaska below and Hawaii near the national average. The national median list price of $432,980 and price per square foot of $212.3 underscore how both Alaska and Hawaii command premiums above typical U.S. markets.
Track the 39.4% price cut rate in Alaska as a leading indicator of seller flexibility. Monitor Hawaii’s 105-day median days on market for signs of buyer hesitation at premium price points. Use the months of supply figures—1.8 for Alaska and 2.3 for Hawaii—to gauge whether inventory pressures ease in these geographically isolated markets.
Leverage these pricing patterns when advising clients in high-cost, limited-inventory markets. Share Hawaii’s 31.9% price cut rate with sellers considering strategic pricing in luxury segments. Advise Alaska market participants to factor the 84-day selling timeline into their transaction planning.
HousingWire used HW Data to source this story. To see what’s happening in your own local market, generate a housing market report. For enterprise clients looking to license the same market data at a larger scale, visit HW Data.
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