Tait Zimmerman's Market Report

Eagle River, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Eagle River, AK

Wed Oct 23 2019
This week the median list price for Eagle River, AK is $399,900 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 143. 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

Wed Oct 23 2019
This week the median list price for Eagle River, AK is $399,900 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 143. 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 $399,900
Per Square Foot $185
Days on Market 99
Price Decreased 51%
Price Increased 2%
Relisted 10%
Inventory 143
Median House Rent $1,900
Most Expensive $1,150,000
Least Expensive $85,000
Market Action Index
Slight Seller's Advantage
35

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
$599,000 2,933 1 - 2.5 acres 4 3 13 1 1 134
$452,500 2,286 0.25 - 0.5 acre 4 3 16 0 3 95
$377,000 2,089 0.25 - 0.5 acre 4 2 25 2 0 88
$294,500 1,687 4,500 - 6,500 sqft 3 2 35 6 5 78