diff --git a/esphome/components/mcp4461/mcp4461.cpp b/esphome/components/mcp4461/mcp4461.cpp
index b5ce591547..6b0774a664 100644
--- a/esphome/components/mcp4461/mcp4461.cpp
+++ b/esphome/components/mcp4461/mcp4461.cpp
@@ -542,20 +542,88 @@ bool Mcp4461Component::set_eeprom_value(Mcp4461EepromLocation location, uint16_t
   return true;
 }
 
-bool Mcp4461Component::is_writing_() { return static_cast<bool>((this->get_status_register() >> 4) & 0x01); }
+/**
+ * @brief Checks if the EEPROM is currently writing.
+ *
+ * This function reads the MCP4461 status register to determine if an EEPROM write operation is in progress.
+ * If the EEPROM is no longer writing, the timeout flag (`last_eeprom_write_timed_out_`)
+ * is reset to allow normal operation in future calls of `is_eeprom_ready_for_writing_()`.
+ *
+ * Behavior:
+ * - If the EEPROM is **writing**, the function returns `true`.
+ * - If the EEPROM is **not writing**, the function returns `false` and resets `last_eeprom_write_timed_out_`.
+ *
+ * @return `true` if the EEPROM is currently writing.
+ * @return `false` if the EEPROM is not writing (also resets the timeout flag).
+ */
+bool Mcp4461Component::is_writing_() {
+  /* Read the EEPROM write-active status from the status register */
+  bool writing = static_cast<bool>((this->get_status_register() >> 4) & 0x01);
 
-bool Mcp4461Component::is_eeprom_busy_() {
-  while (this->is_writing_() && this->previous_write_exec_time_ != 0) {
-    if ((millis() - this->previous_write_exec_time_) > EEPROM_WRITE_TIMEOUT_MS) {
-      this->previous_write_exec_time_ = millis();
-      ESP_LOGE(TAG,
-               "EEPROM write timeout exceeded (%" PRIu8 " ms), aborting read/write from/to nonvolatile wiper/eeprom",
-               EEPROM_WRITE_TIMEOUT_MS);
+  /* If EEPROM is no longer writing, reset the timeout flag */
+  if (!writing) {
+    /* This is protected boolean flag in Mcp4461Component class */
+    this->last_eeprom_write_timed_out_ = false;
+  }
+
+  return writing;
+}
+
+/**
+ * @brief Checks if the EEPROM is ready for a new write operation.
+ *
+ * This function ensures that the EEPROM is not actively writing.
+ * It can either return the current status immediately or wait until the EEPROM becomes ready.
+ *
+ * Behavior:
+ * - If `wait_if_not_ready` is `false`, the function returns the current readiness status immediately.
+ * - If `wait_if_not_ready` is `true`:
+ *   - The function waits up to `EEPROM_WRITE_TIMEOUT_MS` for the EEPROM to become ready.
+ *   - If the EEPROM remains busy after the timeout, the `last_eeprom_write_timed_out_` flag is set to `true`,
+ *     preventing unnecessary waits in future calls.
+ *   - If the EEPROM becomes ready within the timeout, the function returns `true`.
+ *
+ * @param[in] wait_if_not_ready Specifies whether to wait for EEPROM readiness if it is currently busy.
+ *                              - `true` → Waits for completion (up to `EEPROM_WRITE_TIMEOUT_MS`).
+ *                              - `false` → Returns the current readiness status without waiting.
+ *
+ * @return `true` if the EEPROM is ready for a new write.
+ * @return `false` if:
+ *         - The last write attempt **timed out** (`wait_if_not_ready = true`).
+ *         - The EEPROM is still busy (`wait_if_not_ready = false`).
+ */
+bool Mcp4461Component::is_eeprom_ready_for_writing_(bool wait_if_not_ready) {
+  /* Check initial write status */
+  bool ready_for_write = !this->is_writing_();
+
+  /* Return early if no waiting is required or EEPROM is already ready */
+  if (ready_for_write || !wait_if_not_ready || this->last_eeprom_write_timed_out_) {
+    return ready_for_write;
+  }
+
+  /* Timestamp before starting the loop */
+  const uint32_t start_millis = millis();
+  
+  ESP_LOGV(TAG, "Waiting until EEPROM is ready for write, start_millis = %" PRIu32, start_millis);
+
+  /* Loop until EEPROM is ready or timeout is reached */
+  while (!ready_for_write && ((millis() - start_millis) < EEPROM_WRITE_TIMEOUT_MS)) {
+    ready_for_write = !this->is_writing_();
+    
+    /* If ready, exit early */
+    if (ready_for_write) {
+      ESP_LOGV(TAG, "EEPROM is ready for new write, elapsed_millis = %" PRIu32, millis() - start_millis);
       return true;
     }
-    ESP_LOGV(TAG, "Waiting while eeprom is busy");
+
+    /* Not ready yet, yield before checking again */
     yield();
   }
+
+  /* If still not ready after timeout, log error and mark the timeout */
+  ESP_LOGE(TAG, "EEPROM write timeout exceeded (%" PRIu8 " ms)", EEPROM_WRITE_TIMEOUT_MS);
+  this->last_eeprom_write_timed_out_ = true;
+
   return false;
 }