My Favorite Real Estate Market Update

Eagle River, AK

Single-Family Homes

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Eagle River, AK

Thu Sep 24 2020
This week the median list price for Eagle River, AK is $450,000 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has held steady at or around 107. 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.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Eagle River, AK

Thu Sep 24 2020
This week the median list price for Eagle River, AK is $450,000 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has held steady at or around 107. 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.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Eagle River market.
Median List Price $450,000
Per Square Foot $193
Days on Market 102
Price Decreased 40%
Price Increased 4%
Relisted 5%
Inventory 107
Median Rent $2,738
Most Expensive $1,199,000
Least Expensive $89,900
Market Action 44
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$652,000 3,031 1 - 2.5 acres 4 3 6 2 1 123
$520,000 2,842 0.25 - 0.5 acre 4 3 27 1 3 80
$409,000 1,963 0.25 - 0.5 acre 4 2 28 3 7 128
$299,500 1,668 8,000 - 10,000 sqft 3 2 37 5 6 77