Is now a good time to buy land in Thorne Bay, Alaska?
Thorne Bay, Alaska is currently a buyer's market with 9.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis• Updated Dec 2025
9.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | 1 | 1 | 1 |
| 2-5 acres | - | 1 | 2 | 3 |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 3 | 5 |
Thorne Bay, Alaska is currently a buyer's market with 9.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Thorne Bay, Alaska currently has 9.0 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
There are currently 6 active listings in Thorne Bay, Alaska. 1 new listings have hit the market in the last 90 days. The median asking price is $108K.
Over the past 12 months, Thorne Bay, Alaska saw 5 properties sold. In just the last 3 months, 2 properties changed hands.
Land in Thorne Bay, Alaska typically sells within 178 days of listing. The median time on market is 153 days. Properties are moving slowly in the current buyer's market.
The current absorption rate in Thorne Bay, Alaska is 11.1% (3-month basis), indicating moderate demand. The top-performing broker in this market is Prince Of Wales Island Realty LLC.
The 3-month absorption rate in Thorne Bay, Alaska is 11.1%. The 12-month rate is 6.9%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
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