Tait Zimmerman's Market Report

Eagle River, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Eagle River, AK

Mon Jun 24 2024
This week the median list price for Eagle River, AK is $539,500 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has increased to 53. 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 consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Eagle River, AK

Mon Jun 24 2024
This week the median list price for Eagle River, AK is $539,500 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has increased to 53. 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 consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Eagle River market.
Median List Price $539,500
Median Price of New Listings $400,500
Per Square Foot $248
Average Days on Market 40
Median Days on Market 28
Price Decreased 36%
Price Increased 0%
Relisted 25%
Inventory 53
Median Rent
Market Action 49
Strong Seller's Market

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. 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
$875,000 3,306 0.5 - 1 acre 4 3 22 0 4 63
$585,000 2,335 0.25 - 0.5 acre 4 2.5 15 1 3 28
$475,000 1,969 0.25 - 0.5 acre 4 2 39 4 4 14
$357,000 1,495 4,500 - 6,500 sqft 3 2 41 7 5 3