Tait Zimmerman's Market Report

Eagle River, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Eagle River, AK

Wed Sep 22 2021
This week the median list price for Eagle River, AK is $419,000 with the market action index hovering around 51. This is less than last month's market action index of 53. Inventory has decreased to 75. Click here to stay informed with the Eagle River market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Eagle River, AK

Wed Sep 22 2021
This week the median list price for Eagle River, AK is $419,000 with the market action index hovering around 51. This is less than last month's market action index of 53. Inventory has decreased to 75. Click here to stay informed with the Eagle River market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Eagle River market.
Median List Price $419,000
Median Price of New Listings $364,900
Per Square Foot $215
Average Days on Market 122
Median Days on Market 56
Price Decreased 47%
Price Increased 8%
Relisted 3%
Inventory 75
Median Rent $2,150
Market Action 51
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$654,400 2,847 0.25 - 0.5 acre 4 3 5 0 3 98
$495,000 2,254 8,000 - 10,000 sqft 4 2 15 4 4 63
$375,000 1,865 4,500 - 6,500 sqft 4 2 29 3 7 35
$299,000 1,484 6,500 - 8,000 sqft 3 2 38 6 5 49