Tait Zimmerman's Market Report

Eagle River, AK

Single-Family Homes

Advantage Alaska Real Estate | 907-519-0043



Eagle River, AK

Thu Dec 08 2022
This week the median list price for Eagle River, AK is $548,500 with the market action index hovering around 42. This is less than last month's market action index of 48. Inventory has decreased to 46. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Eagle River, AK

Thu Dec 08 2022
This week the median list price for Eagle River, AK is $548,500 with the market action index hovering around 42. This is less than last month's market action index of 48. Inventory has decreased to 46. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Eagle River market.
Median List Price $548,500
Median Price of New Listings $469,900
Per Square Foot $227
Average Days on Market 189
Median Days on Market 112
Price Decreased 48%
Price Increased 2%
Relisted 11%
Inventory 46
Median Rent
Market Action 42
Slight Seller's Advantage

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
$799,000 3,600 0.25 - 0.5 acre 4 3 1 0 0 168
$645,000 2,207 8,000 - 10,000 sqft 4 2.5 0 0 0 315
$525,450 2,218 6,500 - 8,000 sqft 3 2.5 18 0 0 35
$416,750 2,221 0.25 - 0.5 acre 3 2.5 41 1 4 63