Tait Zimmerman's Market Report

Eagle River, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Eagle River, AK

Sun May 29 2022
This week the median list price for Eagle River, AK is $524,950 with the market action index hovering around 53. This is less than last month's market action index of 56. Inventory has increased to 62. 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 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

Sun May 29 2022
This week the median list price for Eagle River, AK is $524,950 with the market action index hovering around 53. This is less than last month's market action index of 56. Inventory has increased to 62. 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 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 $524,950
Median Price of New Listings $498,500
Per Square Foot $224
Average Days on Market 91
Median Days on Market 25
Price Decreased 21%
Price Increased 18%
Relisted 2%
Inventory 62
Median Rent
Market Action 53
Strong Seller's Market

The market seems to have paused around this plateau. 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
$749,000 2,433 0.25 - 0.5 acre 4 3 0 1 1 98
$559,000 2,380 8,000 - 10,000 sqft 4 2.5 20 7 4 7
$498,500 2,253 0.25 - 0.5 acre 4 2.5 33 4 0 24
$384,950 1,881 6,500 - 8,000 sqft 3 2 37 6 4 7