Market Report | September 2026
Mat Su Valley Housing Market Report
What is really happening in Wasilla, Palmer, Big Lake and across the Matanuska Susitna Borough, in plain English. Updated monthly with Alaska MLS data.
The Takeaway
Sales are up, and so is choice
The Mat Su Valley had a strong September. 179 homes sold across the borough, up from 161 in September 2025, and year to date sales of 1,349 are running slightly ahead of last year's pace.
Inventory is growing faster than in Anchorage. August ended with 626 active listings, up 13 percent from a year earlier and the highest August level since 2019. That works out to roughly 3.3 months of supply, still a seller's market, but with noticeably more competition for sellers and more negotiating room for buyers.
Bottom line: Valley buyers have the best selection in years, and Valley sellers need sharp pricing and standout presentation to win.
By the Numbers
Monthly sales and inventory, 2026 vs 2025
| Month | Sold 2026 | Sold 2025 | Active 2026 | Active 2025 |
|---|---|---|---|---|
| Jan | 76 | 92 | 335 | 366 |
| Feb | 79 | 91 | 337 | 364 |
| Mar | 111 | 111 | 365 | 389 |
| Apr | 141 | 158 | 392 | 402 |
| May | 173 | 161 | 455 | 444 |
| Jun | 197 | 181 | 558 | 496 |
| Jul | 205 | 193 | 602 | 539 |
| Aug | 188 | 189 | 626 | 556 |
| Sep | 179 | 161 | Pending | 573 |
| Year to date | 1,349 | 1,337 |
Source: Alaska MLS data for the Matanuska Susitna Borough, compiled by Real Broker, LLC, as of September 30, 2026. September 2026 inventory had not been reported at publication.
Price Check
What homes are selling for
Over the last 30 days, Wasilla homes sold at a median price of $455,000 with an average of 89 days on market. Palmer's median was $429,900 with 94 average days on market. Big Lake, a smaller seasonal market, saw 5 sales at a median of $239,900.
Source: Alaska MLS data via the LorrieSewardRealty.com market snapshot, September 5 to October 5, 2026.
What It Means For You
Advice for Valley buyers and sellers
Sellers: More listings means buyers compare harder. Price right from day one and invest in presentation, because the first two weeks matter most.
Buyers: You have more choice than at any point in recent years. Get pre approved and negotiate with confidence on homes that have been sitting.
Commuters: Run the real winter drive time before you buy. The Valley offers more space for the money, and the commute is part of the price.
Land and lake buyers: Well, septic, road access and frontage details drive value here. Get them inspected early.
FAQ
Mat Su market questions, answered
Is the Mat Su Valley a buyer's or seller's market?
It is still a seller's market, with about 3.3 months of supply in August 2026, but inventory is up 13 percent from a year ago, so buyers have more choice and more negotiating room.
How many homes sold in the Mat Su Valley in September 2026?
179 homes sold across the Matanuska Susitna Borough in September 2026, up from 161 in September 2025.
What is the median home price in Wasilla and Palmer?
Over the last 30 days, Wasilla's median sale price was $455,000 and Palmer's was $429,900, based on Alaska MLS data from September 5 to October 5, 2026.
Is it a good time to sell in the Valley?
Demand is solid, with sales up from last year. With more competing listings, sellers who price accurately and market well are seeing the best results.
How often is this report updated?
Every month, with the latest Alaska MLS data.
Let's Talk
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Call or text 907.632.3661 | LorrieSewardRealty.com