Tait Zimmerman's Market Report

Eagle River, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Eagle River, AK

Wed Jul 06 2022
This week the median list price for Eagle River, AK is $519,000 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has increased to 83. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Eagle River, AK

Wed Jul 06 2022
This week the median list price for Eagle River, AK is $519,000 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has increased to 83. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Eagle River market.
Median List Price $519,000
Median Price of New Listings $417,900
Per Square Foot $231
Average Days on Market 86
Median Days on Market 35
Price Decreased 33%
Price Increased 5%
Relisted 2%
Inventory 83
Median Rent
Market Action 48
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
$760,000 2,875 0.25 - 0.5 acre 4 3 1 3 1 98
$550,000 2,194 8,000 - 10,000 sqft 4 3 18 2 2 35
$435,000 2,212 0.25 - 0.5 acre 4 2.5 38 4 6 35
$350,000 1,648 4,500 - 6,500 sqft 3 2 38 8 8 14