Tait Zimmerman's Market Report

Eagle River, AK 99577

Single-Family Homes

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Eagle River, AK 99577

Tue Apr 23 2024
This week the median list price for Eagle River, AK 99577 is $610,000 with the market action index hovering around 61. This is less than last month's market action index of 63. Inventory has increased to 33. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Eagle River, AK 99577

Tue Apr 23 2024
This week the median list price for Eagle River, AK 99577 is $610,000 with the market action index hovering around 61. This is less than last month's market action index of 63. Inventory has increased to 33. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Eagle River market.
Median List Price $610,000
Median Price of New Listings $495,000
Per Square Foot $263
Average Days on Market 45
Median Days on Market 14
Price Decreased 21%
Price Increased 3%
Relisted 70%
Inventory 33
Median Rent
Market Action 61
Strong Seller's Market

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

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
$905,000 3,222 1 - 2.5 acres 4 3 8 2 0 17
$672,500 2,199 0.25 - 0.5 acre 4 2.5 0 0 0 21
$556,250 2,090 0.25 - 0.5 acre 3 2.5 21 2 1 10
$449,000 1,876 0.25 - 0.5 acre 3 2 42 5 3 14